Patty's Pet Store purchased inventory on October 10, 2024, at a price of $49,000, subject to credit terms of 3/10, n/30. Patty's uses the gross method for recording purchases and uses perpetual inventory system.

Required: A. Prepare the journal entry to record the purchase.

B. Prepare the journal entry to record the payment of one-half the invoice amount on October 18, 2024.

C. Prepare the journal entry to record the payment of the balance of the amount due on November 8, 2024.