Answer Happy

6 HOMEWORK @ hep Required information The following information applies to the questions displayed below) Plere imports uses the perpetual system in accounting for merchandise Inventory and had the following transactions during the month of October October 2 Purchased merchandise at a 54,000 price ($3,920 net), Invoice dated October 2, terms 2/10, 1/30. October 10 Returned $500 (5490 net) of merchandise purchased on October 2 and debited its accounts payable for that amount. October 17 Purchased merchandise at a $7,400 price ($7.252 net), Invoice dated October 17, terms 2/10, 1/3 October 27 Paid for the merchandise purchased on October 17, less the discount. October 31 Paid for the merchandise purchased on October 2. ) Prepare entries to record the above transactions assuming that Piere Imports records invoices at gross amounts View transaction list Journal entry worksheet