Sheridan Industries purchased $11,300 of merchandise on February 1, 2025, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,300 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. (a) Assuming that Sheridan uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 6,578.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Inventory Accounts Payable Feb. 4 Accounts Payable Inventory Debit 10170 2070 8100 Feb. 13 Accounts Payable- Cash Inventory Credit 10170 2070 7857 243 Assuming that Sheridan uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 6,578.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Purchases Accounts Payable Feb.4 Accounts Payable: Purchase Returns and Allowances Feb. 13 v Accounts Payable Purchase Discounts Cash. Debit Credit 10170 2070 8100 10170 2070 243 7857 Your answer is incorrect. At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to 2 decimal places, e.g. 6,578.25.) Net price $