On August 1, Gilgen Brothers bought goods with a list price of$19,200, terms 2/10, n/30. The firm records purchases at invoiceprice, using the periodic inventory system. On August 5, GilgenBrothers returned goods with a list price of $2,400 for credit.

If Gilgen Brothers paid the supplier the amount due on August 9,the appropriate entry would be:

Debit to Accounts Payable 18,464 Credit to Cash 18,464

Debit to Accounts Payable 19,200 Credit to Purchase Discounts384 Cash 18,816

Debit to Accounts Payable 16,800 Credit to Cash 16,800

Debit to Accounts Payable 16,800 Purchases Discounts 336 Creditto Cash 16,464