Joys Fabrics purchases merchandise from a supplier on December 1st on credit, terms 2/10, n/30 for $1,700. Joys hopes to eventually sell that merchandise to a customer at a sales price of $3,000. When recording the payment of the invoice on December 10th in its cash payments journal, how much would Joys enter in the Cash Cr. column?

Multiple Choice

$2,940.

$1,300.

$1,666.

$1,700.

$3,000.