Company Uses the Periodic Inventory Method and Offers the Following

Company uses the periodic inventory method and offers the following information:
$\begin{array} { l r } \text { Beginning inventory } & \$ 4,000 \\\text { Purchases } & \$ 120,000 \\\text { Purchase discounts } & \$ 2,400 \\\text { Purchase returns and allowances } & \$ 800\end{array}$
At the end of the period,the company does an inventory count and finds $16,000 of inventory on hand.
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Which of the following pairs of T-accounts accurately represents the first two closing entries?

A)

B)

C)

D)