On September 12, Ryan Company sold merchandise in the amount of $8,600 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5,400. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is:

Multiple Choice

Merchandise inventory 5,400 Accounts payable 5,400

Purchases 8,600 Accounts payable 8,600

Purchases 8,428 Accounts payable 8,428

Accounts payable 8,600 Merchandise inventory 8,600

Merchandise inventory 8,428 Accounts payable 8,428