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CAN YOU EXPLAIN FOR ME..?? Travis Corporation purchases merchandise on account from Jackson Company, terms 2/10, n/30. Travis and Jackson both use periodic inventory systems.

CAN YOU EXPLAIN FOR ME..??image text in transcribed

Travis Corporation purchases merchandise on account from Jackson Company, terms 2/10, n/30. Travis and Jackson both use periodic inventory systems. If Travis pays within the discount period, Jackson will O credit the amount of the discount to Cash. O credit the amount of the discount to purchases Discounts. O credit the amount of the discount to Sales Revenue. O debit the amount of the discount to Sales Discounts

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