On July 9, Milam Company sells goods on credit to Parras Company for $5,100, terms 1/10, n/60. Milam receives payment on July 20. The entry by Milam on July 20 is: Hint: Determine if Milam is a purchaser or seller. Then, prepare a journal entry. O DR: Cash $5,100; CR: Sales Discounts $51 and Accounts Receivable $5,049 O DR: Cash $5,049 and Sales Discounts $51; CR: Accounts Receivable $5,100 O DR: Cash $5,100; CR: Accounts Receivable $5.100 O DR: Cash $5,100; CR: Sales Discounts $51 and Accounts Receivable $5,049 O DR: Cash $5,151; CR: Sales Discounts $51 and Accounts Receivable $5,100 Conrad Company made a purchase of merchandise on credit from Idaho Company on August 8, for $9,700, terms 2/10, n/30. On August 17, Conrad makes the appropriate payment to Idaho. What entry will Conrad Company record on August 17 using the perpetual inventory system? . Hint: Determine if Conrad is a purchaser or seller. Then, prepare a journal entry. O DR: Accounts Payable $9,700; CR: Cash $9,700 O DR: Accounts Payable $9,700; CR: Purchase Returns and Allowances $194 and Cash $9,506 O DR: Accounts Payable $9,506; CR: Cash $9,506 O DR: Accounts Payable $9,700; CR: Inventory $194 and Cash $9,506 O DR: Accounts Payable $9,700; CR: Sales Discounts $194 and Cash $9,506