Gross Method Net Method October 5 Purchases" Accounts paysble tober 5 rchases Accounts payable. 20,000 19,600 20,000 19,600 october 14 Accounts payable. Purchase discounts" Cash October 14 Accounts payable. 14,000 13,720 280 13,720 Cash 13,720 November 4 Accounts payable. Cash... November 4 Accounts payable. Interest expense. 6,000 5,880 120 6,000 the invetory account is used in a pepetul system cos Cash.. 6,000 Knowledge Check 01 Platen purchased inventory on August 17 and received an invoice with a list price amount of $5,900 and payment terms of 4/10, n/30 Platen uses the net method to record purchases. For what amount should Platen record the purchase? Platen record the purchase Next> of 12