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Required informotion [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 1,500 tires from the Treadwell

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Required informotion [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 1,500 tires from the Treadwell Company for $46 each. The terms of the sale were 3/10,n/30. Niche uses a perpetual inventory system and the net method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23. 2024 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journat entries to record the purchase on July is and payment on July 23,2024 Required informotion [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 1,500 tires from the Treadwell Company for $46 each. The terms of the sale were 3/10,n/30. Niche uses a perpetual inventory system and the net method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23,2024. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. prepare the journal entry for the payment, assuming inetead that it was made on August 15,2024

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