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19. Purple Corp. purchased $10,000 of merchandise on June 3, subject to the terms, 2/10, n/30. On June 9, it pays for all the merchandise
19. Purple Corp. purchased $10,000 of merchandise on June 3, subject to the terms, 2/10, n/30. On June 9, it pays for all the merchandise purchased on June 3. As a result of making the payment within the discount period, it reduces its:
A) Accounts Payable by $9,800.
B) Net income by $200.
C) Stockholders' equity by $200.
D) Inventory by $200.
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