On January 16, the company purchased $100,000 in inventory on account. The purchase terms are 2/10, n/30. Make the journal entries to record the purchase of and subsequent payment for these goods assuming:
(1) The company uses the net method and paid for the goods on January 23,
(2) The company uses the net method and paid for the goods on January 31,
(3) The company uses the gross method and paid for the goods on January 23, and
(4) The company uses the gross method and paid for the goods on January 31.
Assume a perpetual inventory system.