A company purchased $10,000 of merchandise inventory from a vendor who offers credit terms of 2/10 n/30.

The company uses the net cost method of recording purchases of merchandise.

The company paid the vendor 30 days after receiving the invoice.

The journal entry to record the payment would include which of the following?

a.

A debit to Purchase Discounts Lost for $200

b.

A credit to Cash for $10,000

c.

A debit to Accounts Payable for $10,000

d.

Both (A) and (C)