A Company Purchased $1,500 of Merchandise on Credit with Terms

Multiple Choice

A company purchased $1,500 of merchandise on credit with terms 3/15,n/30.How much will be debited to Accounts Payable if the company pays $485 cash on this account within 10 days?

A) $485.00
B) $500.00
C) Nothing will be debited to Accounts Payable; the account should be credited in this situation.
D) $470.45
E) $1,455.00