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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

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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 $45,000 and credit terms of 2/5, n/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. Journal entry worksheet Purchased merchandise with an invoice price of $45,000 and credit terms of 2/5,n/15 Note: Enter debits before credits

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