Question: On December 2 8 , 2 0 2 4 , Videotech Corporation ( VTC ) purchased 1 3 units of a new satellite uplink system
On December Videotech Corporation VTC purchased units of a new satellite uplink system from Tristar Communications for $ each. The terms of each sale were VTC uses the gross method to account for purchase discounts and a perpetual inventory system. VTC paid the netofdiscount amount on January
Prepare the journal entries on December and January to record the purchase and payment.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Videotech Corporation VTC purchased units of a new satellite uplink system from Tristar Communications for $ each. The terms of each sale were Record the purchase on December
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditDecember
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