Instructions Chart of Accounts Instructions On December 22, Travis Company purchased merchandise on account from a supplier for $5,900, terms 2/10, net 30. Travis Company paid for the merchandise within the discount period on December 31. Required Under a perpetual inventory system, record the journal entries required for the above transactions. Refer to the Chart of Accounts for exact wording of account titles. 131 Estimated Returns Sold 521 Delisen Exnense Previous Next