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What is the net price? CALCULATOR HY INSTRUCTOR Assuming that Concord uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment

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CALCULATOR HY INSTRUCTOR Assuming that Concord uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.9-s,s78' credit account titles are automatically Indent when amount is entered. Do not Indent manually.) Date. Account Titles and Explanation Debit Credit Feb. 1 Raw Materials Inventory 10980 Accounts Payable 10980 Feb. 4 1 Accounts Payable 1620 1620 Finished Goods Inventory 9360 Feb. 13Accounts Payable Cash 8424 Questions/Exercis 8a

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