A company using the perpetual inventory system purchased inventory worth $17,000 on account with credit terms of 1/10, n/30. Defective inventory was received, but instead of a return, an allowance of $1,100 is given. The allowance is granted before the invoice is paid. The journal entry to record the allowance would be ________. Please answer these questions!

A company using the perpetual inventory system purchased inventory worth $17,000 on account with credit terms of 1/10, n/30. Defective inventory was received, but instead of a return, an allowance of $1,100 is given. The allowance is granted before the invoice is paid. The journal entry to record the allowance would be A. $1,089 debit to Merchandise Inventory and $1,089 credit to Accounts Payable B. $1,100 debit to Merchandise Inventory and $1,100 credit to Accounts Payable C. $1,100 debit to Accounts Payable and $1,100 credit to Merchandise Inventory OD. $1,089 debit to Accounts Payable and $1,089 credit to Merchandise Inventory A company using the perpetual inventory system purchased inventory worth $12,000 on account with credit terms of 4/15, n/30. Defective inventory was received, but instead of a return, an allowance of $700 is given. The allowance is granted before the invoice is paid. The journal entry to record the payment after the allowance and within the discount period would be A. $11,300 debit to Cash and $11,300 credit to Accounts Payable B. $452 debit to Merchandise Inventory and $10,848 debit to Accounts Payable; $11,300 credit to Cash C. $11,300 debit to Accounts Payable and $11,300 credit to Cash D. $11,300 debit to Accounts Payable; $10,848 credit to Cash and $452 credit to Merchandise Inventory A company that uses the perpetual inventory system purchases inventory for $63,000 on account, with terms of 3/10, n/30. Which of the following is the journal entry to record the payment made within 10 days? A. a debit to Accounts Payable for $61,110, a debit to Merchandise Inventory for $1,890, and a credit to Cash for $63,000 B. a debit to Accounts Payable for $63,000, a credit to Merchandise Inventory for $1,890, and a credit to Cash for $61,110 C. a debit to Accounts Payable for $63,000, a credit to Cash for $1,890, and a credit to Merchandise Inventory for $61,110 D. a debit to Merchandise Inventory for $1,890, a debit to Accounts Payable for $63,000, and a credit to Cash for $64,890