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Business, 17.11.2019 10:31 dondre72

On december 28, 2021, videotech corporation (vtc) purchased 10 units of a new satellite uplink system from tristar communications for $27,000 each. the terms of each sale were 2/10, n/30. vtc uses the gross method to account for purchase discounts and a perpetual inventory system. vtc paid the net-of-discount amount on january 6, 2022.

prepare the journal entries on december 28 and january 6 to record the purchase and payment. (if no entry is required for a transaction/event,

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On december 28, 2021, videotech corporation (vtc) purchased 10 units of a new satellite uplink syste...
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