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Meteor Co. purchased merchandise on March 4, 2021, at a price of $42,000, subject to credit terms of 3/10, 1/30. Meteor uses the net method

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Meteor Co. purchased merchandise on March 4, 2021, at a price of $42,000, subject to credit terms of 3/10, 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

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