Question: net method -please answer Journaline the following activities for Mars Co (the company uses a periodis inventory system): On February 17,2021 Mars Co purchased from

net method -please answer net method -please answer Journaline the following activities for Mars Co (the

Journaline the following activities for Mars Co (the company uses a periodis inventory system): On February 17,2021 Mars Co purchased from Fido Co merchandise having a sales price of KD 16,000 with terms 3/10, net 30 Mars records its purchases and payables ne Date Accounts Debit Credit = Feb. 17 On February 20 2021 purchases with invoices of KD 4,000 are returned by Mars to Fido from the previous purchase Date Accounts Debit Credit Feb. 20 On March 19,2021 Mars pays the remaining balance to Fido for the previous purchase, Date Accounts Debit Credit Mar. 19

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