On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30. The amount paid on June 15. What is the required journal entry to record the payment under the periodic inventory system? 
Definitions:
Bank of the West
A financial institution headquartered in San Francisco, California, providing banking and financial services.
Deposit Slip
A written form that lists cash and checks being deposited in a bank account and cash received from the amount being deposited.
Currency
A system of money in general use in a particular country, representing the medium of exchange for goods and services.
Check Register
A place for recording important information about each transaction.
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