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A compary that uses the perpetual imentory syntem purchased inventory for 3970.000 on account wsh terms of 3 /. n/20. Which of the following correctly

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A compary that uses the perpetual imentory syntem purchased inventory for 3970.000 on account wsh terms of 3 /. n/20. Which of the following correctly records the payment made is days after the dste of involce? A) Debet to Cash, $970,000, Credit to Accounts Payable, $970,000 B) Detat te Ascounts Payable, 5970,000 , Creda to Merchandise Ifyentory, $970,000 c) Debsi to Accounts Payable, 3970,000, Credit to Cash, 3970,000 D) Credt ts cash, $040,000, Credit to Merchandsen inventory, $99,100; Debit to Accounts Paystie. 3970,000

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