Required information [The following information applies to the questions displayed below.] Comfort Company purchased 160 units of inventory on November 17, 2024. The units have a list price of $550 each, but Comfort was given a 40% trade discount. The terms of the sale were 2/10,7/30. Comfort uses a perpetual inventory system. equired: 1. Prepare the journal entries to record the (a) purchase by Comfort on November 17 and (b) payment on November 26, 2024. Comfort uses the gross method of accounting for purchase discounts. 2. Prepare the journal entry for the payment, assuming instead that it was made on December 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the (a) purchase by Comfort on November 17 and (b) payment on November 26, 2024, Comfort uses the gross method of accounting for purchase discounts. Note: If no entry is required for a transactionvevent, select 'No journat entry required" in the first account fieid. Required information [The following information applies to the questions displayed below] Comfort Company purchased 160 units of inventory on November 17, 2024. The units have a list ptice of $550 each, but Comfort was given a 40% trade discount. The terms of the sale were 2/10.7/30. Comfort uses a perpetual inventory system. Required: 1. Prepare the journal entries to record the (o) purchase by Comfort on November 17 and (b) payment on November 26,2024. Comfort uses the gross method of accounting for purchase discounts. 2. Prepare the journal entry for the payment, assuming instead that it was mode on December 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the joismal entry for the payment, assuming instead that it was made en December 15, 2024. Note! if no entry is tequired for a transaction/event, select "No journai entry required" in the first account fieid. Journal entry worksheet Aremabvely, record pyment on December 15 usheg the gross methed of accounting for purchese discounts