On September 12, Ryan Company sold merchandise in the amount of $8,800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,500. 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

• Purchases	8,800
  Accounts payable		8,800

• Purchases	8,536
  Accounts payable		8,536

• Merchandise inventory	5,500
  Accounts payable		5,500

• Accounts payable	8,800
  Merchandise inventory		8,800

• Merchandise inventory	8,536
  Accounts payable		8,536