psy Ch 8 Exercises - Homework Saved 11 Part 2 Required information Exercise 8-10 (Algo) Purchase discounts; the net method (L08-3] (The following information applies to the questions displayed below On July 15, 2021 the Nixon Car Company purchased 2.600 tires from the Harwell Company for $35 each The terms of the sale were 2/10, 1/30 Nixon uses a perpetual inventory system and the net method of accounting for purchase discounts 0:52 DOT Book Exercise 8-10 (Algo) Ports 1 and 2 Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23 2021 2. Prepare the journal entry for the payment, assuming intes that was made on August 15, 2021 Complete this question by entering your answers in the tabs below. be Recuvad cured Prepare the surnals to record the purchase on 15 and went on 23.2021 Lansetion et la jountry on the account Journal entry worksheet Required Information Exercise 8-10 (Algo) Purchase discounts; the net method [LO8-3] [The following information applies to the questions displayed below) On July 15.2021, the Nixon Car Company purchased 2.600 tires from the Harwell Company for $35 each. The terms of the sale were 2/10, 1/30 Nixon uses a perpetual Inventory system and the net method of accounting for purchase discounts ook Exercise 8-10 (Algo) part 3 3. It Noxon instead uses a periodic inventory system explain any changes to the journal entries created in requirements and 2 Hint The 15 any would includes de tot Coustead of to