What would the cash and merchandise enventory be?

Prepare journal entries to record each of the follwing transactions. The company records purchases using the gross perpetual Inventory system. Aug. 1 Purchased serchandise vith an invoice price of $60,000 and credit terms of 3/10, n/30. Aug. 11 Paid supplier the anount oved from the August 1 purchase. View transaction list Journal entry worksheet Paid supplier the amount owed from the August 1 purchase. Note: Enter debits before credits General Journal Debit Credit Aug 11 payable 60,000 Merchandise inventory Record entry Clear entry View general journal MacBook Air 20 F3 F4 FS F6 F7 ts