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Question 5 View Policies Current Attempt in Progress Whispering Industries purchased $8,300 of merchandise on February 1, 2020, subject to a trade discount of 10%

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Question 5 View Policies Current Attempt in Progress Whispering Industries purchased $8,300 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15./60. It returned $2,100 gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Whispering uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If ne entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places, 2 6,578. Credit account titles are automatically indented when amount is entered. De not indent manually) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Assuming that Whispering uses the periodic method for recording merchandise transactions, record the purchase.return and payment using the gross method. (If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places, s. 6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Assuming that Whispering uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places, sg. 6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to decimal places, . 6,578.) Net prices e Textbook and Media List of Accounts

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