On October 5, your company buys and receives Inventory costing $5,500, on terms 2/30, n/60. On October 20, your company pays the amount owed relating to the October 5 purchase. Prepare the journal entries needed on October 5 and 20, assuming the company uses a perpetual system and records purchase discounts using the gross method. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet < 1 Record the purchase of goods from a manufacturer on terms 2/30, n/60. for $5,500 on October 5. Record the payment made for goods purchased on October 5 adjusting for the discount received for early payment on October 20 using gross method. Note: Enter debit c Transaction General Journal Debit Credit Transaction General Journal Debit Credit Cleary View general journal Record entry Clear entry