Question: answer for section (c) Your answer is correct: Assuming that Windsor uses the periadic method for recording merchandise transactions, record the purchase, return, and pavment


Your answer is correct: Assuming that Windsor uses the periadic method for recording merchandise transactions, record the purchase, return, and pavment using the gross method, (If no entry is required, select "No entry' for the occount tities and enter Ofor the amounts. Round answers to 0 decimal places, e.8. 6,578. Credit account titles are outomatically indented when amount is entered. Do not indent manualify At what amount would the purchase on February 1 be recoeded if the net method were used? (Round answrr to 0 decimal ploces, es. 6.578. Netprich Windsor Industries purchased 13,000 of merchandise on February 1,2022, subject to a trade discocant of 10 s and with credit terms of 3/15,n/60. It returned $3,180 (eross price before trade or cash discount) on February 4 . The impice was paid on Fetruary 13 , Alt amounts in thousands) (a) Your answer is correct. Assuming that Windsor uses the perpetual method for recording merchandise transactions, record the purchase, return, and paryment using the gross method. Of no entry is required, select "No entry' for the account titles and enter ofor the amounts. Round answers to 0 declmal places, es 6,572 . Credit account tites are autamatically indented when amount is entered. Do not indent manually)
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