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

Avery Supplies uses the periodic inventory system. February 1, Avery purchased inventory on account for $10,000. The terms were 3/10, n/30. On February 2, Avery returned damaged goods worth $400 to the supplier and was granted an allowance. Give the journal entry for the payment if the invoice is paid after the discount period.

A) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 9,600 & \\\hline \text { Cash } & & 9,312 \\\hline \text { Purchase Discounts } & & 288 \\\hline\end{array}$$
B) $$\begin{array} { | l r | r | r | } \hline \text { Cash } & 10,000 & \\\hline { \text { Accounts Payable } } & & 10,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 9,600 & \\\hline \text { Cash } & & 9,600 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 9,312 & \\\hline \text { Purchase Discounts } & 288 & \\\hline \text { Accounts Payable } & & 9,600 \\\hline\end{array}$$