On December $28,2024,$ Videotech Corporation $($VTC$)$ purchased $10$ units of a new satellite uplink system from Tristar Communications

for $$27,000$ each. The terms of each sale were $\frac{2}{10},\frac{n}{30}.$ VTC uses the gross method to account for purchase discounts and a

perpetual inventory system. VTC paid the net$-$of$-$discount amount on January $6,2025.$

Prepare the journal entries on December $28$ and January $6$ to record the purchase and payment.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$1$ Videotech Corporation $($VTC$)$ purchased $10$ units of a new

satellite uplink system from Tristar Communications for

$$27,000$ each. The terms of each sale were $\frac{2}{10},\frac{n}{30}.$

Record the purchase on December $28,2024.$

$2$ Videotech Corporation $($VTC$)$ purchased $10$ units of a new

satellite uplink system from Tristar Communications for

$$27,000$ each. The terms of each sale were $\frac{2}{10},\frac{n}{30}.$

Record the payment on January $6,2025.$

Note : $=$ journal entry has been entered