Prepare journal entries to record each of the following transactions

Subject:FinancePrice:2.87 Bought7

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Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system

Aug. 1 Purchased merchandise with an invoice price of $60,000 and credit terms of 3/10, n/30. os 4-6 Recording purchases and

11 Paid supplier the amount owed from the August 1 purchase. P1