QS 4-7 (Algo) Recording purchases and discounts missed LO P1 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 $72,500 and credit terms of 5/5, n/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. View transaction list Journal entry worksheet 2 Purchased merchandise with an invoice price of $72,500 and credit terms of 5/5, n/15. Note: Enter debits before credits. Date Sept 15 General Journal Debit Credit >