QS 5-7 (Static) 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. September 15 Purchased merchandise with an invoice price of $35,000 and credit terms of 2/5,n/15. September 29 Paid supplier the amount owed on the September 15 purchase. Journal entry worksheet Purchased merchandise with an invoice price of $35,000 and credit terms of 2/5,n/15. Note: Enter debits before credits