A company records its purchases using the net method. On August 1, it purchases merchandise on account for $6,000 with terms of 2/10, n/30. The August 1 journal entry to record this transaction includes a

a. Debit to Merchandise Inventory for $6,000.

b. Debit to Merchandise Inventory for $5,880.

c. Debit to Merchandise Inventory for $120.

d. Debit to Accounts Payable for $5,880.

e. Credit to Accounts Payable for $6,000.