Question: please help. will thumbs up. Required information [The following information applies to the questions displayed below.] On July 15, 2024, the Niche Car Company purchased

please help. will thumbs up.

Required information [The following information applies to the questions displayed below.] On July 15, 2024, the Niche Car Company purchased 2,200 tires from the Treadwell Company for $45 each. The terms of the sale were 2/10,n/30. Niche uses a perpetual inventory system and the net method of accounting for purchase discounts. If Niche instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2

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