On August 1, Davidson Company bought goods with a list price of $2,400, terms 2/10, n/30. The firm records purchases at invoice price using the perpetual inventory system. On August 5, Davidson returned goods with a list price of $300 for credit.

If Davidson paid the supplier the amount due on August 9, the appropriate entry would be:

Select one:

A.Accounts Payable2,400Inventory48Cash2,352

B.Accounts Payable2,058Cash2,058

C.Accounts Payable2,100Inventory42Cash2,058

D.Accounts Payable2,100Cash2,100

E. None of the above