45) On March 1, 20X3, Environmental Impacts acquired inventory on account. The cost of the inventory was $85,000. The terms of the purchase were 2/10, n/30. Upon inspection of the inventory on March 2, $4,800 worth of inventory was returned. Environmental Impacts paid for the inventory on March 8. The company uses a periodic inventory system. What journal entry will Environmental Impacts make on March 8, 20X3?

A) Accounts Payable 80,200

Cash 80,200

B) Accounts Payable 80,200

Cash Discounts on Purchases 1,604

Cash 78,596

C) Accounts Payable 80,200

Cash Discounts on Purchases 802

Cash 79,398

D) Accounts Payable 80,200

Inventory 1,604

Cash 78,596