Question: On June 3 0 , 2 0 2 0 , Chesterton Inc. purchased merchandise for $ 2 , 5 0 0 on credit terms 2

On June 30,2020, Chesterton Inc. purchased merchandise for $2,500 on credit terms 2/10, n/30. Chesterton accounts for purchase discounts using the gross method and follows a periodic inventory system. If Chesterton paid the balance in full on July 8,2020, Chestertons entry would include a:
Group of answer choices
Debit to Accounts Payable for $2,450
Credit to Cash for $2,450
None of the above
Debit to Purchase Discount for $50
Credit to Inventory for $50

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