Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system Aug 1 Purchased merchandise with an invoice price of $93,800 and credit terms of 4/10, n/30. Aug 11 Pald supplier the amount owed from the August 1 purchase. View transaction list Journal entry worksheet 2 Purchased merchandise with an invoice price of $93,000 and credit terms of 4/10, 1/30 Note: Enter debits before credits General Journal Date Aug 01 Debit Credit Record entry Clear entry View general journal