On September 12, Ryan Company sold merchandise in the amount of $6,400 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4,300. 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

• On September 12, Ryan Company sold merchandise in the amount of $6,400 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4,300. 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	4,300
  Accounts payable		4,300

  Purchases	6,400
  Accounts payable		6,400

  Purchases	6,208
  Accounts payable		6,208

  Merchandise inventory	6,208
  Accounts payable		6,208

  Accounts payable	6,400
  Merchandise inventory		6,400

• Purchases	6,400
  Accounts payable		6,400

• Purchases	6,208
  Accounts payable		6,208

• Merchandise inventory	6,208
  Accounts payable		6,208

• Accounts payable	6,400
  Merchandise inventory		6,400