Banner Ltd., bought merchandise for $900, terms 2/10,n/30. If Banner returns $300 worth of the goods to the vendor and pays the balance by the tenth day, the entry to record the payment should include a Multiple Choice None of the other alternatives are correct Debit to Purchases Returns and Allowances of $294 Credit to Cash of $588 Debit to Discounts of $12 Debit to Accounts Payable of $300