On August 1, Savage Company purchased $1,700 of inventory on account with credit terms of 2110 , net 30 . Savage Company uses the perpetual imventory system On August 15 , Savage Company paid the amount due. What jounal entry did they prepare on August 15 ? A. debit Inventory for $1,700 and eredit Accounts Payable for $1,700 B. debt Acoounts Payabie for $1,700 and credt Cash for $1,700 C. debit Accounts Payable for $1,666 and credi Cash for $1,666 D. debit Acoounts Payable for $1,700, credit inventory for $34 and credi Cash for $1,666