Business Office Supplies, Inc B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 20,000 & \\\hline \text { Cash } & & 20,000 \\\hline\end{array}$$

Business Office Supplies, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $20,000. The terms of invoice were 4/10, n/30. The amount due was paid on February 9. Which of the following journal entries correctly records the payment in the books of Business Office Supplies?

A) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 20,000 & \\\hline \text { Purchase Discounts } & & 800 \\\hline \text { Cash } & & 19,200 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 20,000 & \\\hline \text { Cash } & & 20,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 20,000 & \\\hline \text { Purchases } & & 20,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 20,000 & \\\hline \text { Merchandise Inventory } & & 800 \\\hline \text { Cash } & & 19,200 \\\hline\end{array}$$