On June 3,Maryland Company Purchased Merchandize Worth $800 on Credit,terms $\begin{array}{lc}\text { Accounts Payable } & 784 \\\text { Purchases Discounts } & 16\\\text { Cash }&&800\end{array}$

Multiple Choice

On June 3,Maryland Company purchased merchandize worth $800 on credit,terms 2/10,n/30.The amount paid on June 10.What is the required journal entry to record the payment under the periodic inventory system?

A)
$\begin{array}{lc}\text { Accounts Payable } & 784 \\\text { Purchases Discounts } & 16\\\text { Cash }&&800\end{array}$
B)
$\begin{array}{lr}\text { Accounts Payable }&800\\\text { Purchases Discounts } && 16 \\\text { Cash } & &784\end{array}$
C)
$\begin{array}{lcc}\text { Cash } & 784 & \\\text { Purchases Discounts } & 16 & \\\quad \text { Accounts Payable } & & 800\end{array}$
D)
$\begin{array}{lc}\text { Cash } & 800 \\\text { Purchases Discounts } & 16 \\\quad \text { Accounts Payable } &&816\end{array}$