3. On September 1, 2021, Woody Tech Inc. purchased merchandise for resale for $20,000 on credit terms 2/15, n/60 using the gross method and a perpetual inventory system. Woody Tech incurred a shipping charge of $750 on the purchase, which was immediately paid. On September 10, 2020, Woody Tech paid for half of the merchandise. On October 25, 2021, Woody Tech paid the remaining balance.

Record the following entries for Worldwide Tech related to the merchandise purchase.

2020. a. Record the purchase of inventory on account and the freight payment on September 1, 2021.
2021. b. Record the payment on September 10, 2021.
2022. c. Record the payment on October 25, 2021.
2023. Assume that instead of making payments on September 10 and October 25, Woody Tech issued a 12-month note in payment of the $20,000 account balance on October 31, 2021. Interest on the note is 10%, due in full upon maturity of the note. Record the issuance of the note payable.