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Required informotion The following information applies to the questions displayed below] Comfort Company purchased 270 units of inventory on November 17, 2024. The units have a list price of $400 each, but Comfort was given a 25% trade discount. The terms of the sale were 3/10,n/30. Comfort uses a perpetual inventory systern 3. Prepare the journat entries to record the (a) purchase by Comfort on November 17 and payment on November 26, 2024, and (b) December 15, 2024 using the net method of accounting for purchase discounts. Required information The following information applies to the questions displayed below] Comfort Company purchased 270 units of inventory on November 17, 2024. The units have a list price of $400 each, but Comfort was given a 25% trade discount. The terms of the sale were 3/10.n/30. Comfort uses a perpetual inventory system Required: 1. Prepare the journal entries to record the (a) purchase by Comfort on November 17 and (b) payment on November 26, 2024 Comfort uses the gross method of accounting for purchase discounts. 2. Prepare the journal entry for the poyment, assuming instead that it was made on December 15, 2024 Complete this question by entering your answers in the tabs below

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