xes Required information [The following information applies to the questions displayed below.) On July 15, 2024, the Niche Car Company purchased 1,300 tires from the Treadwell Company for $60 each. The terms of the sale were 4/10. "/30 Niche uses a perpetual inventory system and the gross method of accounting for purchase discounts. 3. If Niche Instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2. The July 15 entry would include a debit to the The July 23 entry would include a credit to the account instead of to account instead of to

xes Required information [The following information applies to the questions displayed below.) On July 15, 2024, the Niche Car Company purchased 1,300 tires from the Treadwell Company for $60 each. The terms of the sale were 4/10. "/30 Niche uses a perpetual inventory system and the gross method of accounting for purchase discounts. 3. If Niche Instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2. The July 15 entry would include a debit to the The July 23 entry would include a credit to the account instead of to account instead of to

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Description: xesRequired information[The following information applies to the questions displayed below.)On July 15, 2024, the Niche Car Company purchased 1,300 tires from the Treadwell Company for $60 each. The terms ofthe sale were 4/10. "/30 Niche uses a perp

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Required information
[The following information applies to the questions displayed below.)
On July 15, 2024, the Niche Car Company purchased 1,300 tires from the Treadwell Company for $60 each. The terms of
the sale were 4/10. "/30 Niche uses a perpetual inventory system and the gross method of accounting for purchase
discounts.
3. If Niche Instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2.
The July 15 entry would include a debit to the
The July 23 entry would include a credit to the
account instead of to
account instead of to

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