Arial 12 B fx What entries would the company make if they used the "net method" to reco A B C 9 10 points Cindy Russo Company purchased items on June 1, 2021, with terms (1/10, net 30). On day 10 of the contract the company paid for 90% of the items, taking the discount. On day 30 , the balance was paid. Contract price Discount taken on this percentage of gross purchases Discount percentage allowed 200,000 90% 1% 1 What entries would the company make if they used the "net method" to record purchases of inventory? 2 What entries would the company make if they used the "gross method" to record the purchases