Purchase Discounts

The following are transactions of Buckeye Corporation. July 3 Purchased merchandise on credit from Wildcat Corp. for $3,500. July 6 Purchased merchandise on credit from Cyclone Company for $7,000. July 12 Paid amount owed to Wildcat Corp. August 5 Paid amount owed to Cyclone Company. Prepare the appropriate journal entries. (All purchases on credit are made with terms of 1/10, n/30, and Buckeye uses the periodic system of inventory.) For compound entries, if an amount box does not require an entry, leave it blank