Pharoah Co. purchased $51,000 of inventory on July 1, 2017 subject to a trade discount of 10% and with credit terms of 3/10, 1/30. Bolt paid the invoice on July Assuming that Pharoah uses the perpetual method for recording inventory transactions, record the purchase and payment using the gross method. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Assuming that Pharoah uses the periodic method for recording inventory transactions, record the purchase and payment using the gross method. (If no entry is required, select "No entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit