Conrad Company made a purchase of merchandise on credit from Idaho Company on August 8, for $9,700, terms 2/10, n/30. On August 17, Conrad makes the appropriate payment to Idaho. What entry will Conrad Company record on August 17 using the perpetual inventory system? . Hint: Determine if Conrad is a purchaser or seller. Then, prepare a journal entry. O DR: Accounts Payable $9,700; CR: Cash $9,700 O DR: Accounts Payable $9,700; CR: Purchase Returns and Allowances $194 and Cash $9,506 O DR: Accounts Payable $9.506; CR: Cash $9,506 O DR: Accounts Payable $9,700; CR: Inventory $194 and Cash $9,506 O DR: Accounts Payable $9.700; CR: Sales Discounts $194 and Cash $9,506 Ante