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Flint Co. uses the net method of recording purchase discounts and uses perpetual inventories. Prepare...

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Accounting

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Flint Co. uses the net method of recording purchase discounts and uses perpetual inventories. Prepare journal entries in general journal form for the following: Purchased merchandise costing $3,500 with terms 2/10, n/30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Payment was made thirty days after the purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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