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On December 28, 2021, Videotech Corporation (VTC) purchased 11 units of a new satellite uplink system from Tristar Communications for $30,000 each. The terms of

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On December 28, 2021, Videotech Corporation (VTC) purchased 11 units of a new satellite uplink system from Tristar Communications for $30,000 each. The terms of each sale were 1/10, n/30. VTC uses the gross method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022. Prepare the journal entries on December 28 and January 6 to record the purchase and payment. (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 1 2 > Videotech Corporation (VTC) purchased 11 units of a new satellite uplink system from Tristar Communications for $30,000 each. The terms of each sale were 1/10, n/30. Record the purchase on December 28, 2021. Note: Enter debits before credits. General Journal Debit Credit Date December 28 2021 Record entry Clear entry View general journal Journal entry worksheet

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