XYZ Co. purchased merchandise on June 10 at a $5,000 invoice price with terms of 2/10,n/30 and paid for the merchandise on June 25. Illustrate the required entries to record and pay for this purchase under both the gross method and the net method by matching the action on the left with the method on the right. (Assume a perpetual inventory system is used.)

Cash would be credited for $5,000 on June 25 . Cash would be credited for $4,900 on June 25 . Discounts lost would be debited for $100 on June 25 . Merchandise inventory would be debited for $5,000 for June 10. Neither method Both methods