Instructions General Journal Gross-Price Method General Journal Net-Price Method Instructions Purchases Transactions-Gross-Price and Net-Price Methods 1. Prepare general journal entries for these transactions using the gross-price method. If an amount box does not require an entry, leave k blank. 2. Prepare general journal entries for these transactions using the net-price method. If an amount box does not require an entry, leave it blank. Gloria's Repair Shop had the following transactions during May: May 2 Purchased merchandise on account from Delgado's Supply for $900, terms 2/10, n/30. 6 Purchased merchandise on account from Goro's Auto Care for $1,200, terms 1/10, 1/30. 11 Paid the amount due to Delgado's Supply for the purchase on May 2. 27 Paid the amount due to Goro's Auto Care for the purchase on May 6. Instructions General Journal Gross-Price Method General Journal Net-Price Method Instructions Pure General Journal Gross-Price Method Page: 1. lan DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- May 2 1 olar 2 2 Slor 3 3 Purchased merchandise 4 6 4 ay 5 5 6 6 Purchased merchandise 7 7 11 8 8 II III II 9 9 10 10 Paid invoice within discount period 11 11 27 12 12 13 13 Paid invoice Instructions General Journal Gross-Price Method General Journal Net-Price Method 2 Glor May Instructions Purs General Journal Gross-Price Method General Journal Net-Price Method 1. blan 2. Prepare general Journal entries for these transactions using the net-price method. If an amount box does not require an entry, le blank. 2.( 1 blari Page: 2 DATE ACCOUNT TITLE DOC. POST. DEBIT CREDIT 3 NO. REF. 1 20-- May 2 4 1 2 2 5 3 Purchased merchandise 3 6 4 6 4 7 5 5 8 6 Purchased merchandise 6 7 11 7 10 8 8 11 9 9 Paid invoice within discount period 12 10 10 27 13 11 11 12 12 13 13 Paid invoice AW E 9 Il 9 My Work Allwert ved Email Instructor Save and Exit