Question: Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to questi On December 28, 2021, Videotech Corporation (VTC) purchased 13 units of a new satellite uplink system from Tristar Communications for $22,000 each. The terms of each sale were 1/10, n/30. VTC uses the net method to ccount for purchase- discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022. 10 points Prepare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry required for a transaction/event, select "No journal entry required" in the first account field.) * Answer is not complete. No Date General Journal Debit Credit December 28, 202 Inventory 286,000 Accounts payable 286,000 January 06, 2022 Accounts payable Inventory Cash Mc Graw Hill 2 of 16 Next >
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