Dublin, Inc B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 16,000 & \\\hline \text { Accounts Payable } & & 16,000 \\\hline\end{array}$$

Dublin, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $16,000. The terms were 4/10, n/30. On February 2, it returned damaged goods worth $600 to the supplier. Give the journal entry for the payment if the invoice is paid after the discount period. (Round your answers to the nearest dollar.)

A) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 16,000 & \\\hline \text { Cash } & & 15,360 \\\hline \text { Purchase Discounts } & & 640 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 16,000 & \\\hline \text { Accounts Payable } & & 16,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 15,400 & \\\hline \text { Cash } & & 15,400 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 15,360 & \\\hline \text { Purchase Discounts } & 640 & \\\hline \text { Accounts Payable } & & 16,000 \\\hline\end{array}$$