Problem 8-3 (Part Level Submission) Some of the transactions of Novak Company during August are listed below. Novak uses the periodic inventory method. August 10 Purchased merchandise on account, $11,100, terms 2/10, n/30 13 Returned part of the purchase of August 10, $1,200, and received credit on account. 15 Purchased merchandise on account, $15,700, terms 1/10, n/60 25 Purchased merchandise on account, $19,300, terms 2/10, n/30. 28 Paid invoice of August 15 in full. Your answer is partially correct. Try again. Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial expenses: Prepare general journal entries to enter the transactions. (If no entry is required, select "No entry" for the account titles and enter O for Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 10 Purchases 10878 Accounts Payable 10878 1176 Aug. 13Accounts Payable 1176 Purchase Returns and Allowances 15543 11 Aug. 15 :|Purchases Purchases 15543 Accounts Payable 19398 Aug. 25 : I Purchases 157 Accounts Payable 15700 Aug. 28 Accounts Payable 198 Purchase Discounts Lost 198 Cash LINK TO TEXT