Jack company purchased a Patent from Jenny & Co. on account for $400,000 on 21 May 2020 on terms 10,30. Jack & Co paid Jenny & Co on 31st May 2020. The journal entry on 31 May is a) Debit Patent $400,000 Credit AP (Jenny & Co) 388,000 Credit Discount $12,000 b) Debit AP (Jenny & Co) $400,000 Credit Patent $400,000 c) Debit AP (Jenny & Co) $400,000 Credit Cash $400,000 d) Cannot calculate from given data