McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8, for $11,000, terms 3/10, n/30. On August 17, McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is:

Accounts Payable........................................................................11,000

Cash..............................................................................11,000

Accounts Payable........................................................................11,000

Purchase Returns and Allowances..............................330

Cash..............................................................................10,670

Accounts Payable........................................................................10,670

Cash..............................................................................10,670

Accounts Payable........................................................................11,000

Inventory.......................................................................330

Cash..............................................................................10,670