QUESTION 6 A company purchased $20,000 of merchandise on credit under discount terms of 2/10, n/30. The company records its purchase using the "Gross Invoice Price" rather than the "Net Cost." If the company pays its supplier for this merchandise 8 days after purchasing it, the company should record which journal entry on that date: O 1.db Accounts Payable...........$20,000 cr Cash....... ..$19,600 cr Purchase Discount Taken.. ..400 O 2. db Accounts Receivable...........$20,000 cr Cash........ $19,600 cr Purchase Discount Taken.............400 O 3. db Accounts Payable...........$19,600 db Purchase Discount Taken.......400 cr Cash $20,000 O 4. db Accounts Receivable........... $19,600 db Purchase Discount Taken...........400 cr Cash....... -$20,000