On December 28, 2021, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communications for $22,000 each. The terms of each sale were 2/10, 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, 2022.
Date General Journal Debit Credit
December 28, 2021
ournal entry worksheet
Record the payment to Tristar Communications.
Note: Enter debits before credits.
Date General Journal Debit Credit
January 06, 2022
Answers: 1
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On December 28, 2021, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink syste...
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