Avery,IncUses the Periodic Inventory System B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 25,000 & \\\hline \text { Cash } & & 25,000 \\\hline\end{array}$$

Avery,Inc.uses the periodic inventory system.On February 1,the corporation purchased inventory on account for $25,000.The terms of invoice were 3/10,n/30.The amount due was paid on February 9.Which of the following journal entries correctly records the payment in the books of Avery,Inc.?

A) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 25,000 & \\\hline \text { Purchase Discounts } & & 750 \\\hline \text { Cash } & & 24,250 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 25,000 & \\\hline \text { Cash } & & 25,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 25,000 & \\\hline \text { Purchases } & & 25,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 25,000 & \\\hline \text { Merchandise Inventory } & & 750 \\\hline \text { Cash } & & 24,250 \\\hline\end{array}$$