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On February 28th, 2022 Videotech Company purchased 100 consoles from Univar Co. for $25 each. The terms of the sale were 2/10 n/30. Videotech uses
On February 28th, 2022 Videotech Company purchased 100 consoles from Univar Co. for $25 each. The terms of the sale were 2/10 n/30. Videotech uses the gross method to account for purchase discounts, but paid this invoice on March 2, 2022. Prepare Videotech's journal entries on February 28th and March 2nd to record this purchase and payment. 12ptParagraph B
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