Under the gross price method, the journal entry for the purchase of merchandise with terms 1/10, n/30 will include a. a debit to Purchases Discounts. b. a credit to Purchases Discounts. c. a debit to Inventory for the gross amount of the purchase. d. a debit to Inventory for the net amount of the purchase.

Under the gross price method, the journal entry for the purchase of merchandise with terms 1/10,n/30 will inciude a. a debit to Purchases Discounts. . a credit to Purchases Discounts. c. a debit to Inventory for the gross amount of the purchase. d. a debit to Inventory for the net amount of the purchase