The Company Uses the Periodic Inventory System and the Voucher

Multiple Choice

The company uses the periodic inventory system and the voucher system.If the net method is applied,the purchase of $3,000 of merchandise with terms 2/10,n/30 is recorded by:

A) debit Cash $3,000;credit Accounts Payable $3,000.
B) debit Accounts Payable $3,000;credit Purchases $3,000.
C) debit Purchases $3,000;credit Accounts Payable $3,000.
D) debit Purchases $2,940;credit Vouchers Payable $2,940.