On July 15, 2021, the Nixon Car Company purchased 2,200 tires from the Harwell Company for $45 each. The terms of the sale were 2/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts.

Explanation:

The journal entries are shown below:

On July 15:

Purchase A/c Dr $97,020

      To Accounts payable $97,020

(By buying goods on credit with discount), the following are shown in the estimates of tire sales following application of the discount:

= Number of tires × price per tire - discount rate

= 2,200 tires × $45 - 2%

= $99,000 - $1,980

= $97,020

On July 23:

Account payable A/c Dr $97,020

    To Cash A/c                                  $97,020

(Being payment is made)

On August 15:

Account payable A/c Dr $97,020

Interest expense A/c Dr $1,980

    To Cash A/c                                  $99,000

(Being payment is made on late interval)

c

explanation:

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !