1) assuming that jones uses the gross method, what amount of cash did jones pay for the inventory on january 9?

2) assuming that jones uses the net method, the journal entry to record the sale on January 14 would include ?

3) assuming jones uses the gross method, the journal entry to record the sale on january 14 would include ?

4) what amount of cash did jones receive from the customer on january 20?

Use the following information to answers questions 22-25. The following transactions relate to Jones Furniture Store (assume Jones uses a perpetual inventory accounting system). Jan. 2: Jones purchased 30 tables at $400 each on account, terms of 2/10, N/30. Jan. 9: Jones paid for the 30 tables purchased on Jan. 2. Jan. 14: Jones sold to a customer on account with terms of 4/10, N/30, 10 of the tables purchased on Jan,2 at a sales price of $600 each Jan 16: The customer returned 4 of the tables sold on Jan. 14 because they were the wrong color receiving full credit on their account. Jan. 20 The customer paid the remaining amount due