A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25.Terms of the purchase were 2/10,n/30.The invoice was paid in full on October 4.Prepare the journal entries to record these merchandise transactions.

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The Answer of A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25.Terms of the purchase were 2/10,n/30.The invoice was paid in full on October 4.Prepare the journal entries to record these merchandise transactions.

A Company That Uses the Perpetual Inventory System Purchased $8,500