Harlan's Haberdashery a teaching supplies shop frequented by GU professors purchased inventory for $10,000, with terms 3/10, n/30. Of course, Harlan's Haberdashery uses a perpetual system and the net method to record purchases. To record this transaction, the company debits the Inventory account for $9,970.

Which of the following statements is correct?

(a) the company should instead credit Inventory;

(b) the company should instead debit Purchases;

(c) Harlan's Haberdashery should have debited Teaching Supplies;

(d) the recorded amount should instead be $9,700; or

(e) three of the other answers are correct.