Carrie Company sold merchandise with an invoice price of $1,100 to Underwood, Inc., with terms of 3/10, n/30. Which of the following is the correct entry to record the payment by Underwood Inc., within 10 days if the company uses the perpetual inventory system and the gross method to record purchases?

Multiple Choice

Accounts payable 1,100 Cash 1,067 Inventory 33

Accounts payable 1,100 Cash 1,100

Cash 1,067 Inventory 33 Accounts payable 1,100

Purchases 1,067 Cash 1,067