Suppose the Jims Jeans Merchandise Inventory account shows an unadjusted balance of $10,000. On December 31, 2016, the physical count of goods on hand totaled $9,200. To adjust the accounts, Jims Jeans would make which of the following entries?

Date	Accounts and Explanations	Debit	Credit
A.	Merchandise Inventory	800
	Costs of Goods Sold		800
B.	Costs of Goods Sold	800
	Merchandise Inventory		800
C.	Merchandise Inventory	800
	Purchases		800
D.	Purchases	800
	Merchandise Inventory		800

2. Suppose Discount Dollars Purchases totaled $68,000, Purchase Returns totaled $5,200, Purchase Allowances totaled $1,500, Purchase Discounts totaled $2,800, and Freight In totaled $5,000. What is Discount Dollars net purchases?

$ 63,500

$ 58,500

$ 55,000

$ 53,500