Conquest Company uses a perpetual inventory system. Conquest purchased $1,500 of merchandise on account and payment was made within the discount period. The credit terms were 2/10, n/30. Journalize Conquest's (a) purchase and (b) payment. If an amount box does not require an entry, leave it blank. a. Inventory 1,500 Accounts Payable 1,500 b. Accounts Payable Cash 1,320 1,320