Knowledge Check 01 Peron Company uses a perpetual inventory system and the net method of recording invoices. The company purchased merchandise on November 4 at a $2,000 invoice price with terms of 2/10, n/30. Complete the journal entry by selecting the account names from the drop-down menus and the amounts in the Debit and Credit columns View transaction list Journal entry worksheet Peron Company uses a perpetual inventory system and the net method of recording invoices. The company purchased merchandise on November 4 at a $2,000 invoice price with terms of 2/10, n/30. Note: Enter debits before credits Date General Journal Debit Credit 11/04 Record entry Clear entry View general journal