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A company that uses the perpetual inventory system purchases inventory for $60,000 on account, with terms of 2/10, n/30. Which of the following is the
A company that uses the perpetual inventory system purchases inventory for $60,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made within 10 days? O A. a debit to Accounts Payable for $60,000, a credit to Merchandise Inventory for $1,200, and a credit to Cash for $58,800 OB. a debit to Accounts Payable for $58,800, a debit to Merchandise Inventory for $1,200, and a credit to Cash for $60,000 OC. a debit to Accounts Payable for $60,000, a credit to Cash for $1,200, and a credit to Merchandise Inventory for $58,800 OD. a debit to Merchandise Inventory for $1,200, a debit to Accounts Payable for $60,000, and a credit to Cash for $61,200
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