Avery Supplies Uses the Periodic Inventory System B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 10,000 & \\\hline \text { Cash } & & 10,000 \\\hline\end{array}$$

Avery Supplies uses the periodic inventory system. On February 1, Avery purchased inventory on account for $10,000. The terms of invoice were 3/10, n/30. The amount due was paid on February 9^th. Which of the following journal entries correctly records the payment in the books of Avery?

A) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 10,000 & \\\hline \text { Purchase Discounts } & & 300 \\\hline \text { Cash } & & 9,700 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 10,000 & \\\hline \text { Cash } & & 10,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 10,000 & \\\hline \text { Purchases } & & 10,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 10,000 & \\\hline \text { Merchandise Inventory } & & 300 \\\hline \text { Cash } & & 9,700 \\\hline\end{array}$$