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Presented below are transactions related to Widhorse, Inc. May 10 Purchased goods billed at $19,400 stbject to cash discount terms of 2/10,n/60. 11 Purchased goods

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Presented below are transactions related to Widhorse, Inc. May 10 Purchased goods billed at $19,400 stbject to cash discount terms of 2/10,n/60. 11 Purchased goods billed at $12,500 subject to terms of 1/15,n/30. 19 Paid irvoice of May 10. 24 Purchased goods billed at $10,800 subject to cash discount terms of 2/10,n/30. (a) Prepare generat journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense, if no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credlt account titles are dutomatically indented when amount is entered. Do not indent manuolly L List all debit entries before credit entries.) Prepare general joumal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are cutomatically indented when amount is entered. Do not indent manually, List all debit entries before credit entries.)

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