Question: MOE purchased merchandise inventory costing $ 2 4 , 0 0 0 with credit terms of 2 / 1 0 , net 3 0 .

MOE purchased merchandise inventory costing $ 24,000 with credit terms of 2/10, net 30. The payment of the purchse was made 8 days after the purchase. Record the journal entries using the A. Gross Method & B. Net method.

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