The entry to record payment of an invoice for the purchase of merchandise within the discount period includes:

• A debit to Accounts Payable, a debit to Purchases Discounts, and a credit to Cash.

• A debit to Accounts Payable, a credit to Purchases Discounts, and a credit to Cash.

• A debit to Accounts Payable, a debit to Purchases Returns and Allowances, and a Credit to Cash.

• A debit to Accounts Payable, a credit to Purchases Returns and Allowances, and a Credit to Cash.