Bhakti Games is a chain of board game stores. Record entries for the following transactions related to Bhakti’s purchase of inventory.
A. On October 5, Bhakti purchases and receives inventory from XYZ Entertainment for $5,000 with credit terms of 2/10 net 30.
B. On October 7, Bhakti returns $1,000 worth of the inventory purchased from XYZ.
C. Bhakti makes payment in full on its purchase from XYZ on October 14.