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An invoice for $500 with the terms 2/10n/30 arrives on your desk. Under the gross...

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An invoice for $500 with the terms 2/10n/30 arrives on your desk. Under the gross recording method what steps would you take? Debit Purchases $500 and Credit Accounts Payable for $500. Pay $500 within 2 days. When the payment is made within the discount period: Debit Accounts Payable for $500 and Credit Cash for $490 and Credit Purchase Discounts for $10. All of the above. Only a. and c. above

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