Steve's Skateboards had the following sales transactions with Hobby Shop during April. Steves Skateboards and Hobby Shop both use perpetual inventory system.

April 2	Steves Skateboards sold merchandise to Hobby Shop on credit for $4,800, terms 1/15, n/60. The cost of items sold was $2,700.
April 13	Hobby Shop paid Steves Skateboards for the merchandise purchased on April 2, taking any appropriate discount earned.

The journal entries for Hobby Shop on April 2 are

Select one:

a.

Date			Debit	Credit
2-Apr	Merchandise Inventory		4800
		Cash		4800

b.

Date			Debit	Credit
2-Apr	Merchandise Inventory		4800
		Accounts Payable		4800

c.

Date			Debit	Credit
2-Apr	Cash		4800
		Merchandise Inventory		4800

d.

Date			Debit	Credit
2-Apr	Accounts Payable		4800
		Merchandise Inventory		4800