Day Company purchased $3,000 of merchandise on credit, terms 3/15 n/30. The entry to record payment for the merchandise within the discount period under a perpetual inventory system would include a _______.

A.

debit to Accounts Payable for $1,940

B.

debit to Inventory for $1,940

C.

credit to Purchase Discounts for $90

D.

credit to Inventory for $90