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Business, 28.01.2020 02:31 prettyboytony4738

On december 28, 2021, videotech corporation (vtc) purchased 10 units of a new satellite uplink system from tristar communications for $27,000 each. the terms of each sale were 2/10, n/30. vtc uses the net method to account for purchase discounts and a perpetual inventory system. vtc paid the net-of-discount amount on january 6, 2022. prepare the necessary journal entries assuming that vtc uses the net method to account for purchase discounts

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On december 28, 2021, videotech corporation (vtc) purchased 10 units of a new satellite uplink syste...

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