Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system. Sept. 15 Purchased merchandise with an invoice price of $77,500 and credit terms of 3/5, n/15.
Sept. 29 Paid supplier the amount owed on the September 15 purchase.

Answer and Explanation:

The journal entries are shown below;

On Sept 15

Merchandise inventory$77,500

           To Accounts payable$77,500

(Being purchase of inventory is recorded)  

On Sep 29

Accounts payable$77,500

            To Cash $75,175

            To Merchandise inventory (3% of $77,500 ) $2,325

(Being payment to suppliers after discount is recorded)  

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer///the madrid protocol;