Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Sept. 15 Purchased merchandise with an invoice price of $60,000 and credit terms of 4/5, n/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. View transaction list View journal entry worksheet ........... No General Journal Debit Credit Date Sept 15 1 60,000 Merchandise inventory Accounts payable 60,000 Sept 29 Accounts payable 60,000 N 60,000