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1. On April 15, Jones, Inc. purchased merchandise inventory at an invoice price of $350,000, with terms of 3/15, 1/30. Jones uses the perpetual inventory

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1. On April 15, Jones, Inc. purchased merchandise inventory at an invoice price of $350,000, with terms of 3/15, 1/30. Jones uses the perpetual inventory system. Required: Debit Credit General Journal Date Account Name Assuming that the full, appropriate payment was made on April 28, prepare journal entries to record the purchase and payment, using the Gross Price Method: (5 pts) Apr. 15 Apr. 28 Debit Credit General Journal Date Account Name Assuming that the full, appropriate payment was made on April 28, prepare journal entries to record the purchase and payment, using the Net Price Method: (4 pts) Apr. 15 Apr. 28

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