Jan. 2 Purchased merchandise on account from Ally Company, €30,000, terms 2/10,
n/30. (Graves uses the perpetual inventory system.)
Feb. 1 Issued a 6%, 2-month, €30,000 note to Ally.make journal?

Jan. 2 Purchased merchandise on account from Ally Company, €30,000, terms 2/10, n/30. (Graves uses the perpetual inventory system.) Feb. 1 Issued a 6%, 2-month, €30,000 note to Ally.make journal?

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