Prepare joumal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. August 1 Purchased merchandise with an invoice price of $96,00 and credit terns of 2/10,n/30. August 11 Paid supplier the amount owed from the August 1 purchase. Journal entry worksheet Purchased merchandise with an invoice price of $96,000 and credit terms of 2/10,n/30. Note: Enter dobits before credits. Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. August 1 Purchased merchandise with an invoice price of $96,600 and credit terns of 2/19,n/30. August 11 Paid supplier the amount owed from the August 1 purchase. Journal entry worksheet Paid supplier the amount owed from the August 1 purchase. Note: Enter debits before credits