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Meteor Company purchased inventory on March 4, 2024 , at a price of $50,000, subject to credit terms of 2/10,n/30. Meteor uses the net method

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Meteor Company purchased inventory on March 4, 2024 , at a price of $50,000, subject to credit terms of 2/10,n/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 11,2024 and April 2, 2024 . Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the purchase. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of merchandise subject to credit terms 2/10,n/30. Note: Enter debits before credits. repare the journal entries to record the appropriate payment if the entire invoice is paid on March 11,2024 and April 2,2024 . lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the payment of the entire invoice on March 11, 2024. Note: Enter debits before credits. repare the journal entries to record the appropriate payment if the entire invoice is paid on March 11,2024 and April 2,2024. Jote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the payment of the entire invoice on April 02, 2024. Note: Enter debits before credits

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