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journalize the following transaction for adams company using the gross method of accounting for purchase discount. assume a perpetual inventory system Augusr 4. Purchased goods

journalize the following transaction for adams company using the gross method of accounting for purchase discount. assume a perpetual inventory system

Augusr 4. Purchased goods from Ramirez Company on account, $13,200, terms 2/10, n/30.

August 10. Returned merchandise to Ramirez Company that was previously purchased on account, $3,000

August 15 Paid the amont due to Ramirez Company

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