QUESTION 18 Use the information below for the following two questions Cruise Industries purchased $10,000 of merchandise on February 1, 2020 with credit terms of 2/10, n/60. It ratumed $2,500 worth of merchandise on February 4. Assume Cruise paid its invoice on February 9. How does Cruise record its payment on February 9 If It uses the perpetual inventory system and gross method for recording purchase discounts? . 10,000 Cash 10,000 A/P. 7,500 7,350 Purchase Discounts...... 150 Cash . Cash .7,350 .7,350 AP. Cash Inventory .7,500 7,350 150 Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save MacBook Air QUESTION 19 Assume Cruise paid its invoice on March 9. How does Cruise record its payment on March 9 if it uses the periodic inventory system and net method for recording purchase discounts? AP 10,000 Cash 10.000 AP. ..7,350 Discounts Forfeited...... 150 Cash 7,500 . Cash .7.500 7,500 CAMP. Inventory Cash. .7,350 150 7,500 Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air