On September 12, Ryan Company sold merchandise in the amount of $8,200 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,200. Johnson uses the periodic inventory system and the net method of accounting for purchases. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Johnson makes on September 18 is:

Multiple Choice

• Accounts payable	8,200
  Purchases discounts		246
  Cash		7,954

• Purchases	7,954
  Cash		7,954

• Cash	7,954
  Purchases discounts	246
  Accounts payable		8,200

• Accounts payable	7,954
  Cash		7,954

• Accounts payable	5,200
  Merchandise inventory		156
  Cash		5,044