A company that uses the perpetual inventory system purchases inventory for

$62,000

on account, with terms of

33/10, n/30. Which of the following is the journal entry to record the payment made within 10days?

A.a debit to Merchandise Inventory for $1,860,

a debit to Accounts Payable for $62,000,

and a credit to Cash for $63,860

B.a debit to Accounts Payable for $62,000,

a credit to Cash for$1,860,

and a credit to Merchandise Inventory for $60,140

C.a debit to Accounts Payable for

$62,000,

a credit to Merchandise Inventory for

$1,860,

and a credit to Cash for $60,140

D.a debit to Accounts Payable for

$60,140,

a debit to Merchandise Inventory for

$1,860,

and a credit to Cash for $ 62, 000