Some of the transactions of Swilty Company during August are lasted below, Swifty uses the periodic inventory method. August 10 Purchased merchandise on account, 513,700 , terms 2/10,n/30. 13 - Returned part of the purchase of August 10,51.200, and received credit on account. 15. Purchased merchandise on account, $18,500, terms 1/20,n60. 25 Purchased merchandise on account, $22,800, terms 2/10,n/30. 26 Paid inveice of August is in ful! (a1) Your answer is correct Assuming that purchases are recorded at gross amounts and that dscounts are to be recorded when taken before ondit entries) Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial expenses: Prepare general journal entries to enter the transactions. (f no entry is requilnd, select "No entry' for the acocunt titles and enter O for the amounts Codit account titles are automaticolly indented when amount is entered. Do not indent manuall x List all detit entries before crofit entries)