Return to question Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual Inventory system, Sept. 15 Purchased merchandise with an invoice price of $65,6ee and credit terms of 2/5, 1/15. Sept. 29 Paid supplier the amount owed on the September 15 purchase. No Date Sept 15 Answer is complete but not entirely correct. General Journal Merchandise inventory Accounts payable Credit 1 Debit 65,000 65,000 2 Sept 29 Accounts payable Cash 65,000 OO 1,300