During the months of January and February. Axe Corpor atlon purchased goods from three suppllers....
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During the months of January and February. Axe Corpor atlon purchased goods from three suppllers. The sequence of events was as follows: January 6 Purchased goods for $2,590 from Green with terms 3/19,/39. January 6 Purchased eoods from Munor for $2,290 with terms 3/19,/39. J 14 Paid Green in full. February 2 Paid Munox in full. February 28 Purchased goods for $1,090 from Reynolds with terms n/45. Requlred: Prepare Journal entrles to record the transadions, assuming Axe records dlscounts using the gross method in a perpetual Inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the inventory purchased of $2,500 on account from Green with terms 3/10,n/30. Woce: Ender deales perone credles
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During the months of January and February. Axe Corpor atlon purchased goods from three suppllers. The sequence of events was as follows: January 6 Purchased goods for $2,590 from Green with terms 3/19,/39. January 6 Purchased eoods from Munor for $2,290 with terms 3/19,/39. J 14 Paid Green in full. February 2 Paid Munox in full. February 28 Purchased goods for $1,090 from Reynolds with terms n/45. Requlred: Prepare Journal entrles to record the transadions, assuming Axe records dlscounts using the gross method in a perpetual Inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the inventory purchased of $2,500 on account from Green with terms 3/10,n/30. Woce: Ender deales perone credles 