ABC Company sold $300000 of inventory on Jan 1 to xyz co. ABC gave Xyz buyer a 5% trade discount and also gave them terms of 2/10, n/30 The inventory to ABC was $240000 Prepare the journal entries for XYZ Company. Also assume they use the perpetual method to report inventory purchases. They also paid $3,000 in cash for Freight in charges! Prepare XYZ's Journal entries using both the Gross Method and the Net Method. Prepare the journal entries assuming payment was made within the 10 days and then make the Journal entries assuming XYZ paid after the 10 days