Z-Mart uses the perpetual inventory system and recorded the following journal entry:

Accounts Payable2,500Merchandise Inventory50Cash2,450

The transaction was

32 options:

1)

A purchase

2)

A return

3)

A return and payment of the account payable

4)

A purchase and recognition of a cash discount taken

5)

A payment of the account payable and recognition of a cash discount taken