On August 1, Nevling Brothers bought goods with a list price of $14,400, terms 2/10, n/30. The firm records purchases at invoice price, using the periodic inventory system. On August 5, Nevling Brothers returned goods with a list price of $1,800 for credit. If Nevling Brothers paid the supplier the amount due on August 9, the appropriate entry would be:

Select one:

A.

Accounts Payable

12,600

Cash

12,600

B.

Accounts Payable

12,600

	Purchases Discounts		252
	Cash		12,348

C.

Accounts Payable

12,348

Cash

12,348

D.

Accounts Payable

14,400

	Purchases Discounts		288
	Cash		14,112