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18) Which of the following would be the correct way to record the payment of a bill for $3,000 if the terms were 2/10, Net

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18) Which of the following would be the correct way to record the payment of a bill for $3,000 if the terms were 2/10, Net 30 and payment was made within 10 days? a) Cash Accounts Payable Purchase Discounts 2,940 3,000 60 b) Cash Accounts Payable Purchase Discounts 2,940 3,000 60 Cash Accounts Payable Purchase Discounts 3,000 2,940 60 (see next page) 7

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