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Newcomb Discount Warehouse Corporation purchased $80000 of merchandise, terms 2/10, n/30, from Videotex Corporation on September 14. Given the entries in Newcombs records to record

Newcomb Discount Warehouse Corporation purchased $80000 of merchandise, terms 2/10, n/30, from Videotex Corporation on September 14.

Given the entries in Newcombs records to record the purchase and payment under each of the following situations.

a.Purchases are recorded at the gross amount, and payment is made on September 24.

b.Purchases are recorded at the gross amount, and payment is made on October 14.

c.Purchases are recorded at the net amount, and payment is made on September 24.

d.Purchases are recorded at the net amount, and payment is made on October 14.

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