Merchandise with an invoice price of $2,500 was purchased on February 3, terms 3/15, n/60. The company uses the net method to record purchases. The entry to record the cash payment of this purchase obligation on February 17 is:

a) Debit Accounts Payable $2,425; debit Discounts Lost $75; credit Cash $2,500.

b) Debit Accounts Payable $2,500; credit Cash $2,500.

c) Debit Accounts Payable $2,425; credit Cash $2,425.

d) Debit Accounts Payable $2,500; credit Discounts Lost $225; credit Cash $2,275.

e) Debit Accounts Payable $2,500; credit Merchandise Inventory $75; credit Cash $2,425