17. A company purchases inventory on account for $20,000. Invoice terms are 2/10, n/30. The company uses the perpetual inventory method and records inventory purchases on account using the net method. To record the purchase, the company should ... A Debit Purchases for 19.600 B Debit Merchandise Inventory for $19,600 Debit Purchase Discounts for $400 D Credit Accounts Payable for $20,000 E None of the above