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On December 28, 2021. Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of

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On December 28, 2021. Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 2/10,n/30. VTC uses the net method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022. Prepare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 2/10, 1/30. Record the purchase on December 28, 2021 Note: Enter debits before credits. General Journal Debit Credit Date December 28, 2021 25,740 Inventory Accounts payable Record entry Clear entry View general journal On December 28, 2021, Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 2/10, 1/30. VTC uses the net method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022 Prepare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 > Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 2/10, n/30. Record the payment on January 6, 2022 Note: Enter debits before credits. Debit Credit Date General Journal January 06, 2022 Accounts payable Record entry Clear entry View general journal

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