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On March 5, Atkins, Inc. purchased merchandise for $12,500 with terms of 2/10,n/45. On March 18, Atkins, Inc. returned $2,000 of the merchandise it purchased

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On March 5, Atkins, Inc. purchased merchandise for $12,500 with terms of 2/10,n/45. On March 18, Atkins, Inc. returned $2,000 of the merchandise it purchased on March 5. Choose the correct general journal entry for the March 18 transaction. 10,500 Accounts Payable Inventory Cash 2100 10,290 Accounts Payable 2,000 Inventory 2.000 12.500 Inventory Accounts Payable 12,500 2,000 Cash Inventory 2,000

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