On March $15,2022,$ Ryan Company purchased $$11,100$ of merchandise on credit subject to terms of $4/10,$ n$/30.$ Ryan Company records its purchases using the gross amount.

Which of the following journal entries is correct when Ryan Company pays for these goods on March $30,2022?$

Multiple Choice

Account Title Debit Credit

Accounts payable $11,100$

Inventory $444$

Cash $10,656$

Account Title Debit Credit

Accounts payable $10,656$

Inventory $444$

Cash $11,100$

Account Title Debit Credit

Accounts payable $11,100$

Cash $11,100$

Account Title Debit Credit

Accounts payable $10,656$

Cash $10,656$