Jelly and Jam LLC is a small local business and uses the Periodic Inventory Method. On Nov. 1 they purchased 100 quarts of strawberries to make jam from the Jayco Market a local store for $4/quart, with terms of 2/10, net 30. After receiving the berries, they discovered that another market was selling the berries for $3/quart. They complained about the pricing to Jayco and were offered a price match plus an addition 10/quart discount to keep the berries. Jam and Jelly kept the berries and paid the invoice on Nov. 5. What was the amount paid out in cash to Jayco? O 284.20 300 290 0 310 Using the same information from question 3 what would have been the amount in Accounts Payable at the time they paid the invoice? O $290 $400 $300 390