Required information Exercise 8-11 (Algo) Trade and purchase discounts; the gross method and the net method compared [LO8-3] [The following information applies to the questions displayed below] Comfort Company purchased 180 units of inventory on November 17, 2024. The units have a list price of $500 each, but Comfort was given a 25% trade discount. The terms of the sale were 2/10,n/30 Comfort uses a perpetual inventory system Exercise 8-11 (Algo) Part 3 8. Prepare the journal entries to record the (a) purchase by Comfort on November 17 and payment on November 26, 2024, and (b) December 15, 2024 using the net method of accounting for purchase discounts. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the (a) purchase by Comfort on November 17 and (b) payment on November 26, 2024. Comfort uses the net method of accounting for purchase discounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Journal entry worksheet Record payment on November 26 using the net method of accounting for purchase discounts. Note: Enter debits before credits. Journal entry worksheet Alternatively, record payment on December 15 using the net method of accounting for purchase discounts. Note: Enter debits before credits