IMAGE BELOW CONTAINS THE INFORMATION FOR QUESTIONS: A$-$C is Gross Method D$-$F is NET Method

A$)$ RELATED TO CHAIRS ONLY:

Consider the journal entry required at the date of legal title for the purchase of the CHAIRS.

The journal entry is as follows. Fill in the missing AMOUNT.

Inventory $XXX

Credit Accounts Payable $XXX

I Calculated $$127000?$

B$)$ RELATED TO CHAIRS ONLY:

Assume the following:

Amount of ACCOUNTS PAYABLE satisfied WITHIN the discount period $=$ $$33,500$

DEBIT Accounts Payable $$33,500$

CREDIT XXXXX $ $1,005$

CREDIT Cash $$32,495$

Consider the journal entry required at the date of legal title for the purchase of the CHAIRS.

The journal entry is as follows. Fill in the missing ACCOUNT NAME.

$($Purchase Discount?$)$

C$)$ RELATED TO CHAIRS ONLY:

The remaining amounts due are paid AFTER the discount period is over. The debit to Accounts Payable is required in the following amount.

$$\_\_\_\_\_\_\_\_\_\_\_($$$93500?$ is this correct$)$

D$)$ RELATED TO BEDS ONLY: CONSIDER ONLY THE PURCHASE OF THE BEDS FOR THE NEXT TWO QUESTIONS.

Assume Motown uses the NET method of recording purchases discounts.

Assume the following: Amount of Cash PAID within the discount period $=$$$14,850$

Consider the journal entry required at the date of cash payment for the purchase of the BEDS WITHIN the discount period. What is the amount that should be debited to Accounts Payable?

E$)$ RELATED TO COUCHES ONLY: CONSIDER ONLY THE PURCHASE OF THE COUCHES FOR THE NEXT QUESTION.

Assume Motown uses the NET method of recording purchases discounts.

Assume the following: Amount of Cash PAID within the discount period $=$$$22,850$

The remaining amounts due are paid AFTER the discount period is over. The debit to Accounts Payable is required in the following amount.

F$)$ The journal entry required AFTER the discount period is over is as follows. Fill in the missing journal entry leg.

DEBIT Accounts Payable

DEBIT $???$

CREDIT Cash