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Recording Purchases Dawson Enterprises uses the perpetual system to record inventory
transactions. Dawson had the following transactions in April: a. On April 1, Dawson purchased
merchandise on credit for $25 , 150 with terms 2/10 , n /30 . b. On April 2, Dawson purchased
merchandise on credit for $28 , 200 with terms 3/15 , n /25 . c. On April 9, Dawson paid for the
purchase made on April 1. d. On April 25, Dawson paid for the merchandise purchased on April
2.

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