Kitchen Supply purchased $2,000 of merchandise,terms 2/10,n/60 on July 2,and prepared voucher #1001.Kitchen Supply paid the invoice on August 31.
Prepare journal entries to record the above transactions.Assume Kitchen Supply uses the gross method and the periodic inventory system for recording purchases.Omit explanations.

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The Answer of Kitchen Supply purchased $2,000 of merchandise,terms 2/10,n/60 on July 2,and prepared voucher #1001.Kitchen Supply paid the invoice on August 31.
Prepare journal entries to record the above transactions.Assume Kitchen Supply uses the gross method and the periodic inventory system for recording purchases.Omit explanations.

Kitchen Supply Purchased $2,000 of Merchandise,terms 2/10,n/60 on July 2,and