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n December 28, 2021, Videotech Corporation (VTC) purchased 14 units of a new satellite uplink system from Tristar Communications r $29,000 each. The terms of
n December 28, 2021, Videotech Corporation (VTC) purchased 14 units of a new satellite uplink system from Tristar Communications r $29,000 each. The terms of each sale were 1/10,n/30. VTC uses the net method to account for purchase discounts and a perpetual ventory system. VTC paid the net-of-discount amount on January 6,2022. repare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is quired for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2 Videotech Corporation (VTC) purchased 14 units of a new satellite uplink system from Tristar Communications for $29,000 each. The terms of each sale were 1/10,n/30. Record the purchase on December 28,2021. Note: Enter debits before credits
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