Create all journal entries in General Journal format. 1. (10 points) Whis-Key Company records purchases of inventory at invoice cost at the time of purchase: Debit Inventory and credit Accounts Payable. When they take advantage of discount terms, they credit Inventory at the time of payment. Using the P 1" tab in the spreadsheet, create journal entries to record each of the following events: a. Purchased inventory with an invoice value of $17,200. Credit terms are 2/10, net/30. b. After consultation with the seller, they reduced the invoice amount by $3,025 for items that were damaged in shipment. c. On the last day of the discount period, they paid the remaining balance, taking advantage of the discount. 1 2 Date Account Name 3 4 5 6 7 00 8 9 10 11 12 13 14 15 General Journal Debit Credit