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 $78,000 and credit terms of 2/10, n/30. August 11 Paid supplier the amount owed from the August 1 purchase. View transaction list Journal entry worksheet < 1 2 Purchased merchandise with an invoice price of $78,000 and credit terms of 2/10, n/30. Note: Enter debits before credits. Date August 01 General Journal Debit Credit > Check my