item3 4.16 points item skipped ebookhintprintreferencescheck my workcheck my work button is now enableditem 3 prepare journal entries to record each of the following transactions. the company records purchases using the gross method and a perpetual inventory system. august 1 purchased merchandise with an invoice price of $60,000 and credit terms of 3/10, n/30. august 11 paid supplier the amount owed from the august 1 purchase.