8) On June 1 , Neighbor Company purchased inventory on account with a cost of $4000. The credit terms were 4/10, net 30 . On June 2 , Neighbor returned 40 percent of the inventory. Neighbor uses the perpetual inventory system. On June 8 , Neighbor paid for the inventory. What journal entry did Neighbor Company prepare on June 8 ? A) debit Accounts Payable for $2400, credit Inventory for $96 and credit Cash for $2304 B) debit Accounts Payable for $2400 credit Purchase Discount for $96 and credit Cash for $2304 C) debit Accounts Payable for $1600 and credit Cash for $1600 D) debit Purchase Discount for $96, debit Cash for $2304 and credit Accounts Payable for $2400