MC Qu. 82 A company using a perpetual inventor.. A company using a perpetual inventory system made the following entry: Debit Accounts Payable for $3,000, credit Inventory for $60, and credit Cash for $2,940. What does this entry reflect? O A purchase of inventory at a discount. O A return of inventory for credit O A sale of inventory on account. A payment within the discount period for inventory previously purchased on credit