Question: Please help me with the solution for gross price method and net price method for required problem sets 1 and 2 in the picture below.

Please help me with the solution for gross price method and net price method for required problem sets 1 and 2 in the picture below. Please use Excel to prepare the solution making it easier fore to read and follow along. Thank you.

On April 15, Jones, Inc. purchased merchandise inventory at an invoice price of $350,000, with terms of 3/15,n/30. Required: 1. Assume that the full, appropriate payment was made on April 28 , to record the purchase and payment, using the: a. gross price method b. net price method 2. Assume that the full, appropriate payment was made on May 16, record the payment, using the: a. gross price method b. net price method Submit the response in a MS Excel file

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