Prepare journal entrles to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.

$8$

September $15$ Purchased merchandise with an invoice price of $$65,000$ and credit terms of $\frac{2}{5},$ h$/15,$

September $29$ Paid supplier the amount owed on the September $15$ purchase.

Sklpped

Journal entry worksheet

$1$

$2$

Purchased merchandise with an invoice price of $$65,000$ and credit terms of $\frac{2}{5},\frac{n}{15}.$

Note: Enter deblts before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$September$],[15]],,,],[,,,],[,,,],[,,,],[,,,]]$

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 $$90,000$ and credit terms of $\frac{3}{10},\frac{n}{30}.$

August $11$ Paid supplier the amount owed from the August $1$ purchase.

Journal entry worksheet

$1$

$2$

Purchased merchandise with an invoice price of $$90,000$ and credit terms of $\frac{3}{10},\frac{n}{30}.$

Note: Enter debits beftert crecits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$August $01,$Merchandise inventory,$90,000,],[,$Accounts payable,,$90,000],[,,,],[,,,],[,,,]]$