QUESTION 16 If merchandise for resale is purchased for $2,000, terms 2/10, n/30, the entry to record the purchase should be which of the following (assuming a periodic inventory system)? Debit Credit A 1,960 Inventory Accounts payable B 1,960 $2,000 Trade payables 1,960 Inventory 1,960 Trade payables 2,000 Trade payables Inventory 2,000 D Purchases 2,000 O Choice B O Choice D O Choice A O Choice C