Gummy Co. purchased merchandise on June 10 at a $9,000 invoice price with terms of 2/10,n/30 and paid for the merchandise on June 30. Illustrate the required entries to record and pay for this purchase under the gross method and net methods by matching the action on the left with the method on the right. (Assume a periodic inventory system is used.)
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Gummy Co. purchased merchandise on June 10 at a $9,000 invoice price with terms of 2/10,n/30 and pai...
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