Martin Corporation Used the Gross Method of Recording Purchases

Multiple Choice

Martin Corporation used the gross method of recording purchases.A purchase of $5,600,3/10,n30 would be recorded as:

A) debit Purchases $5,600; credit Accounts Payable $5,600.
B) debit Purchases $5,600; credit Vouchers Payable $5,600.
C) debit Purchases $5,432; credit Accounts Payable $5,432.
D) debit Purchases $5,432; credit Vouchers Payable $5,432.