Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual Inventory system, June 1 Purchased merchandise with a price of $630 and credit terms of n/45. June 9 Received $68 allowance (for scratched merchandise) toward the June 1 purchase. July 16 Paid the amount due from the June 1 purchase, minus the June 9 allowance. View transaction list Journal entry worksheet 2 3 1 Purchased merchandise with a price of $630 and credit terms of n/45 Note: Enter debit before credits Date General Journal Debit Credit Jun 01 Record entry Clear entry View general Journal