A business purchased two laptops costing RM5,480 each. The business paid RM3,000 in cash while the remaining will be paid later. 2/10, n/30 was written on the laptops purchase invoice. The entry to record this transaction on buyers journal would be:

Select one:

A.

Debit Merchandise Inventory RM10, 740.80 Credit Cash RM3, 000.00 Credit Accounts Payable RM7, 740.80

B.

Debit Merchandise Inventory RM10, 960 Credit Cash RM3, 000 Credit Merchandise Inventory RM7, 960

C.

Debit Merchandise Inventory RM10, 960 Credit Cash RM3, 000 Credit Accounts Payable RM7, 960

D.

Debit Merchandise Inventory RM10, 740.80 Credit Cash RM3, 000.00 Credit Merchandise Inventory RM7, 740.80