Required information The following information applies to the questions displayed below.] Comfort Company purchased 100 units of inventory on November 17, 2024. The units have a list price of $500 each, but Comfort was given a 30% trade discount. The terms of the sale were 2/10,n/30. Comfort uses a perpetual inventory system. 3. 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 answer Prepare the journal entries to record the (a) purchase 17 and (b) payment on November 26, 2024. Comfort accounting for purchase discounts. Note: If no entry is required for a transaction/event, si required" in the first account field. Journal entry worksheet Record payment on November 26 using the net method of accounting for purchase discounts. Note: Enter detis betore credtes. Required information The following information applies to the questions displayed below] Comfort Company purchased 100 units of inventory on November 17, 2024. The units have a list price of $500 each, but Comfort was given a 30% trade discount. The terms of the sale were 2/10,n/30. Comfort uses a perpetual inventory system. 3. 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 answer Prepare the journal entries to record the (a) purchase 17 and (b) payment on November 26, 2024. Comfort accounting for purchase discounts. Note: If no entry is required for a transaction/event, s! required" in the first account field. Journal entry worksheet Record the purchase of inventory. Note: Enter debits before credita. Required information The following information applies to the questions displayed below] Comfort Company purchased 100 units of inventory on November 17. 2024. The units have a list price of $500 each. but Comfort was given a 30% trade discount. The terms of the sale were 2/10,n/30. Comfort uses a perpetual inventory system. 3. 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 answer Prepare the journal entry for the payment, assuming on December 15, 2024. Note: If no entry is required for a transaction/event, s required" in the first account field. Journal entry worksheet Alternatively, record payment on December 15 using the net method of accounting for purchase discounts. Note: Enter debts before crests
