A company using the perpetual inventory system purchased inventory worth $500,000 on account with credit terms of 3/15, n/45. Defective inventory of $60,000 was returned 3 days later, and the accounts were appropriately adjusted. If the company paid the invoice 20 days later, the journal entry to record the payment would be ONLY THO OA. $500,000 debit to Accounts Payable, $486,800 credit to Cash, and $13,200 credit to Merchandise Inventory OB. $500,000 debit to Accounts Payable and $500,000 credit to Cash OC. $453,200 debit to Accounts Payable, $13,200 credit to Merchandise Inventory, and $440,000 credit to Cash OD. $440,000 debit to Accounts Payable and $440,000 credit to Cash

A company using the perpetual inventory system purchased inventory worth $500,000 on account with credit terms of 3/15, n/45. Defective inventory of $60,000 was returned 3 days later, and the accounts were appropriately adfusted if the company paid the invoice 20 days tater, the journal entry to iecord the payment would be A. $500,000 dobit to Accounts Payable, $486,800 credit to Cash, and $13,200 credit to Merchandise Inventory B. $500,000 debit to Accounts Payable and $500,000 credit to Cash C. $453,200 debit to Accounts Payable, $13,200 credt to Merchandise Inventory, and $440,000 credit to Cash D. $440,000 debit to Accounts Payable and $440,000 credit to Cash