Nics Retailing purchased merchandise "as is" with no returned from Mateo Company with credit terms of 3/10 n/60 and an invoice price of $16.300 The merchandise had cost Meteo Company $11.117 erpetual inventory systems method The journal entry on Nico's Retailing books to record the payment within the discount period would include one of the following Oddit to Merchande Inventory for $16.300 O debt to Purchases Dicounts for $489 O a credit to Cash for $158111 Ocredit to Accounts Payable for $16.300