Question: Rescue Sequences LLC purchased inventory by issuing a $ 3 0 , 0 0 0 , 6 0 - day, non - interest bearing note

Rescue Sequences LLC purchased inventory by issuing a $30,000,60-day, non-interest bearing note on October 1. Assume that the note is discounted at a 15% rate.
Required:
Prepare the journal entries for Rescue Sequences to record the purchase and payment assuming it uses a perpetual inventory system and a 360-day calendar fiscal year.
PLEASE! show me step \by step! Prepare the journal entries for Rescue Sequences to record the purchase and payment assuming it uses a perpetual inventory system and a 360-day calendar fiscal year.

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