Match the correct journal entry to the transaction described. Note, ABC Company uses a periodic inventory system Sold inventory to a customer for $2,500; terms 2/10, n/45 (cost of sales $2,300) Purchased $10,000 of inventory, terms 1/15, n/30. Choose 2 Choose.. Paid for $10,000 of inventory purchase less a return of $400. Payment was not made within the earlier payment terms Returned $400 of unacceptable inventory to the supplier. The supplier had not yet been paid. Received paymefrom a customer who purchased $2,500 of product with terms of 2/10, n/45. The customer paid within 10 days of sale Choose Choose Choose 133 Match the correct journal entry to the transaction described Note ABC Company uses a periodic inventory system. Sold inventory to a customer for $2.500; terms 2/10, n/45 (cost of sales $2,300) Purchased $11.000 of inventory, terms 1/15/30 Paid for $10,000 of inventory purchase less a return of $400. Payment was not made within the earlier payment terms Returned $400 of unacceptable inventory to the suppler. The supplier had not yet been paid paid within 10 days of sale Received payment from a customer who purchased $2.500 of product with terms of 2/10, n/45. The customer Choose Choose Dr. AP $9,600 Cr. Cash $9,600 Dr. Cash $2.450 Dr. Sales Discount $50 Cr. AR $2,500 Dr. AR $2,500 Cr. Sales $2,500 AND Dr. COGS $2.300 Cr, Inventory $2,300 Dr. AP $400 Cr. Inventory $400 Dr. AP $10,000 Cr. Cash $10,000 Dr. AR $2,500 Cr. Sales $2.500 Dr. Inventory $10,000 Cr. AP $10,000 Dr. Cash $2.450 Dr inventory $50 Cr. AR $2.500 Dr. AP $400 Cr. Purchase Returns and Allowances $400 Dr. Purchases $10,000 Cr. AP $10,000 On June 9th ABC Co. sold $1,000 of flowers to a customer