Question 3 (1 point) Johnson Store purchased merchandise from different suppliers on October 10, 2017, at a price of $35,000, subject to credit terms of 2/10, n/30. Johnson uses the gross method for recording purchases and uses perpetual inventory system. Johnson pays one-half the payables on October 18 and the other half on November 10. On the day of the purchase Inventory is debited for $34.300 Inventory is debited for $35,000 Inventory is debited for $34,650 Cost of Goods Sold is debited for $35.000 None of the above Question 4 (1 point) (cont'd) On October 18 Inventory is credited for $350 A balance sheet account is credited for $17.150 A balance sheet account is debited for S17.500 No income statement account is debited or credited All of the above None of the above Question 5 (1 point) (cont'd) If Johnson had used the net method AND the periodic system... The entries to the Cash account would have been the same A Purchase Discounts account would have been used All of the above None of the above