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Meteor Co. purchased merchandise on March 4, 2021, at a price of $35,000, subject to credit terms of 2/10, 1/30. Meteor uses the net method

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Meteor Co. purchased merchandise on March 4, 2021, at a price of $35,000, subject to credit terms of 2/10, 1/30. Meteor uses the net method for recording purchases and uses a periodic Inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on March 11, 2021 and April 2, 2021. Complete this question by entering your answers in the tabs below. Req1 Req 2 and 3 Prepare the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction list Journal entry worksheet Record the payment on March 11, 2021. Note: Enter debits hefore credits General Journal Debit Credit Date March 11, 2021

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