Joe Company sold merchandise with an invoice price of $1,000 to Gibbs, Inc., with terms of 2/10, n/30. Which of the following is the correct entry to record the purchase by Gibbs if the company uses the periodic inventory system and the gross method to record purchases? 
Definitions:
Afferent Arteriole
A small artery that leads toward the capillaries of the glomerulus in the kidney, playing a key role in the filtration of blood.
Efferent Arteriole
A small blood vessel that carries blood away from the glomerulus of the kidney to the peritubular capillaries, playing a key role in regulating blood pressure and filtration rate in the kidney.
Renal Vein
A vein that carries purified blood away from the kidneys back to the heart.
Nucleic Acid Metabolism
The set of biochemical processes responsible for the synthesis, degradation, and regulation of nucleic acids (DNA and RNA) in living organisms.
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