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Patty's Pet Store purchased merchandise on October 10, 2016. at a price of $35,000, abject to credit terms of 2/10, uses the gross method for

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Patty's Pet Store purchased merchandise on October 10, 2016. at a price of $35,000, abject to credit terms of 2/10, uses the gross method for recording purchases and uses perpetual inventory system. Prepare the journal entry to record the purchase. Prepare the journal entry to record the payment of one-half the invoice amount on October IS, 2016. Prepare the journal entry to record the payment of the balance of the amount due on November 8, 2016. Prepare the journal entries for the purchase, the journal entry for the payment of one-half the invoice amount on October 2016, prepare the journal entry to record the payment of the balance of the amount due on November S. 2016 using the net i for recording purchases and use the periodic inventory system

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