QUESTION 8 Quiz Company purchased inventory with a price of $100,000 on March 5, 2022. The seller offered a 10% trade discount and purchase discounts of 2/10, n30. Quiz Company uses a periodic inventory system and uses the gross method to account for purchase discounts. The entry to record payment in full for the inventory on March 12, 2022 would include: A credit to cash for $88,200 A debit to accounts payable for $98,000 A credit to cash for $100,000 A credit to purchase discounts for $2,000 Wrong 10 points Saved