CnecK my work Brief Exercise 8-5 Purchase discounts; net method (LO8-3] On December 28, 2018, Videotech Corporation (VTC) purchased 16 units of a new satellite uplink system from Tristar Communications for $24,000 each. The terms of each sale were 2/10, n/30. VTC uses the net method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2019 Prepare the necessary journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is required for a transaction/event, select "Nojournal entry required" in the first account field.) View transaction list