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3 On June 15, a retailer purchases merchandise on account from a supplier for $2.000 terms 3/10,n30. On June 18, the retailer returns merchandise purchased

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3 On June 15, a retailer purchases merchandise on account from a supplier for $2.000 terms 3/10,n30. On June 18, the retailer returns merchandise purchased for $600 for a reduction in the amount owing. On June 22, the retailer pays their account. Under a perpetual inventory system the Journal entry to record the payment includes Multiple Choice SUSB will be credited to Ch. $1400 will be debited to Accounts Payable and $42 will be credited to Discounts $1358 will be credited to Cash, 51.358 wilde dubted to Accounts Payable $1400 will be credited to Cash $1358 will be debited to Accounts Payable, and 542 will be debited to inventory $1400 will be dested to Accounts Payable $135 will be credited to Cash and $42 will be credited to inventory

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