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Acompany using the perpetual inventory system purchased inventory worth S530 000 on account with credit terms of 3/15, 45. Defective inventory of $40,000 was retumed

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Acompany using the perpetual inventory system purchased inventory worth S530 000 on account with credit terms of 3/15, 45. Defective inventory of $40,000 was retumed 3 days later, and the accounts were appropriately adjusted. If the company paid the invoice 25 days later, the journal entry to record the payment would be A. S504700 debit to Accounts Payable. S 14,700 credit to Merchandise Inventory, and $490,000 credit to Cash O B. $530,000 debit to Accounts Payable and $530,000 credit to Cash O C. $490,000 debit to Accounts Payable and $490,000 credit to Cash D. $530,000 debit to Accounts Payable, $515,300 credit to Cash, and $14,700 credit to Merchandise Inventory

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