Grant's Hardware Bought $7,500 of Merchandise,terms 3/10,n/30

Multiple Choice

Grant's Hardware bought $7,500 of merchandise,terms 3/10,n/30.The journal entry to record the transaction under the net approach method would be to:

A) debit Purchases $7,275; credit Accounts Payable $7,275.
B) debit Purchases $7,275; credit Vouchers Payable $7,275.
C) debit Purchases $7,500; credit Vouchers Payable $7,275; credit Discounts Lost $225.
D) debit Purchases $7,500; credit Cash $7,500.