ueen 28 32 Purchase with Trade Discount and Sales Discount On May 30, Cecil Company purchased merchandise on account from Ricci Company as follows- List Price: $50,000, Trade Discount 25%, Sales Terms: 2/10, n/30. The Journal Entries of Cecil Company will show which of the following for the May 30 Purchase? Debit Merchandise Inventory $ 50,000.00, Credit Accounts Payable $ 50,000.00 Debit Merchandise Inventory S. 50,000.00, Credit Cash $ 50,000.00 Debit Merchandise Inventory $49,000.00, Credit Accounts Payable $49,000.00 Debit Merchandise Inventory $36,750.00, Credit Accounts Payable $36,750.00 Mining another question will save this response Stv 20 888 2 72 2 14 " STIV 00 8 84 8 310 GE (Q) $15 819