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.
Prepare the journal entries to record the (a) purchase by Comfort on November 17 and payment on November 26, 2024