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 15.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)
$\begin{array}{ll}\text { Accounts Payable } & 800 \\\text { Purchases Discounts } &&16 \\\text { Cash }&&784\end{array}$
C)
$\begin{array}{ll}\text { Cash } & 800 \\\text { Accounts Payable } && 800\end{array}$
D)
$\begin{array}{ll}\begin{array}{c}\text { Accounts Payable } & 800\\\text { Cash }&& 800\end{array} \\\end{array}$