On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:

• A.
• Purchases5,800Accounts payable5,800
• B.
• Purchases4,000Accounts receivable4,000
• C.
• Accounts payable4,000Merchandise inventory4,000
• D.
• Merchandise inventory5,800Accounts payable5,800
• E.
• Purchases5,800Accounts receivable5,800