Question 1 Wildhorse Co. purchased $43,000 of inventory on July 1, 2017, subject to a trade discount of 5% and with credit terms of 2/10, n/30. Bolt paid the invoice on July 10. Assuming that Wildhorse 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 0 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 Wildhorse 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 0 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 Click if you would like to Show Work for this question: Open Show Work