If Merchandise for Resale Is Purchased for $2,000, Terms 2/10

If merchandise for resale is purchased for $2,000, terms 2/10, n/30, the entry to record the purchase should be which of the following (assuming a periodic inventory system) ? $$\begin{array} { | l | l | r | l | r | } \hline & \text { Debit } && \text { Credit } \\\hline \text { A } & \text { Inventory } & \$ 2,000 & \text { Trade payables } & 1,960 \\\hline B & \text { Accounts payable } & 1,960 & \text { Inventory } & 1,960 \\\hline \text { C } & \text { Inventory } & 1,960 & \text { Trade payables } & 2,000 \\\hline D & \text { Purchases } & 2,000 & \text { Trade payables } & 2,000 \\\hline\end{array}$$

A) Choice A
B) Choice B
C) Choice C
D) Choice D