Acme purchases office supplies on account in the amount of $2500 with terms 2/10/n30 on January 1. Subsequently, Acme inc remits payment on February 15. What is the appropriate journal entry for the payment on Acme Incs books?

A. Debit Accounts payable $2450, credit supplies $2450

B. Debit supplies $2500, credit accounts payable $2500

C. Debit supplies $2450 and credit Accounts payable $2450

D. Debit accounts payable $2500 and credit cash $2500

E. Debit supplies $2500 and credit owners equity $2500