Business, 04.04.2020 04:34 brattyshae

On December 28, 2021, Videotech Corporation (VTC) purchased 15 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 1/10, 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 paymen

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On December 28, 2021, Videotech Corporation (VTC) purchased 15 units of a new satellite uplink syste...

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