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Metiock Industries purchased $12,200 of merchandise on February 1,2025 , subject to a trade discount of 10% and with credit term of 3/15,n/60. It returned

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Metiock Industries purchased $12,200 of merchandise on February 1,2025 , subject to a trade discount of 10% and with credit term of 3/15,n/60. It returned $2,200 (gross price before trade or cash discount) on February 4 . The invoice was paid on February 13 (a) Assuming that Metlock uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the occount titles and enter O for the amounts. Round answers to 2 decimal places, es. 6,578.25. Credit account tities are automatically indented when amount is entered. Do not indent manually. Likt all debit entries before credit entries.) Astuming that Metiockuses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the tross method. Aff no entry is repuired, select "No entry" for the account tilles and enter O for the omounts Round answess to 2 decinal plocss, eg 6,578.25. Credit occount titles are automatically indented when amount is entered Do not indent marually, (bst oll debit entries before credit entries) eTextbook and Media Attempts: 2 of 3 used (c)

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