Italy Appliance uses a perpetual inventory system The following are three recent merchandising transactions June10 Purchased 10 televisions from Mitsu Industries on account Invoice price, $3,000 per unit, for a total of $30,000 The terms of purchase were 2 10, n 30 June 15 Sold one of these televisions for $4,500 cash June 20 Paid the account payable to Mitsu Industries within the discount period a 1 Prepare journal entries to record these transactions assuming that Italy records purchases of goods at Net cost (Omit the $ sign in your response ) a 2 Prepare journal entries to record these transactions assuming that Italy records purchases of goods at Gross invoice price (Omit the $ sign in your response ) b 1 Assume that Italy did not pay Mitsu Industries within the discount period but instead paid the full invoice price on July 10 Prepare journal entries to record this payment assuming that the original liability had been recorded at Net cost (Round your answers to the nearest whole dollar amount Omit the $ sign in your response ) b 2 Assume that Italy did not pay Mitsu Industries within the discount period but instead paid the full invoice price on July 10 Prepare journal entries to record this payment assuming that the original liability had been recorded at Gross invoice price (Omit the $ sign in your response )

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Italy Appliance uses a perpetual inventory system. The following are three recent merchandising transactions: June10 Purchased 10 televisions from Mitsu Industries on account. Invoice price,

Italy Appliance uses a perpetual inventory system. The following are three recent merchandising transactions:

June10	Purchased 10 televisions from Mitsu Industries on account. Invoice price, $3,000 per unit, for a total of $30,000. The terms of purchase were 2/10, n/30.
June 15	Sold one of these televisions for $4,500 cash.
June 20	Paid the account payable to Mitsu Industries within the discount period.

a-1	Prepare journal entries to record these transactions assuming that Italy records purchases of goods at Net cost. (Omit the "$" sign in your response.)

a-2	Prepare journal entries to record these transactions assuming that Italy records purchases of goods at Gross invoice price. (Omit the "$" sign in your response.)

b-1

Assume that Italy did not pay Mitsu Industries within the discount period but instead paid the full invoice price on July 10. Prepare journal entries to record this payment assuming that the original liability had been recorded at Net cost. (Round your answers to the nearest whole dollar amount. Omit the "$" sign in your response.)

b-2	Assume that Italy did not pay Mitsu Industries within the discount period but instead paid the full invoice price on July 10. Prepare journal entries to record this payment assuming that the original liability had been recorded at Gross invoice price. (Omit the "$" sign in your response.)