On Oct 1, Jerry's Lighting purchased merchandise with a list price of $5,000 with credit terms of 1/10, n/30. On Oct 3, Jerry's returns $500 of the merchandise. Assuming a periodic inventory system is used and Jerry's pays the remaining amount owed on the purchase within the discount period, Jerry's journal entry to record the payment, would include:

• a debit to Accounts Payable for $4,500.

• a debit to Accounts Receivable for $4,500.

• a debit to Purchase Discounts for $45.

• a debit to Merchandise Inventory for $45.