On June 1, Neighbor Company purchased inventory on account with a cost of $3,000. The credit terms were 3/10, net 30. On June 2. Neighbor returned 50 percent of the inventory. Neighbor uses the perpetual inventory system. On June 8, Neighbor paid for the inventory What journal entry did Neighbor Company prepare on June 8? A. debit Purchase Discount for S45, debit Cash for 51,455 and credit Accounts Payable for $1.500 O B. debit Accounts Payable for $1,500, credit Inventory for $45 and credit Cash for $1,455 C. debit Accounts Payable for $1,500 credit Purchase Discount for $45 and credit Cash for 51,455 OD. debit Accounts Payable for $1,500 and credit Cash for $1,500 On May 1, Santelle Company purchased 5700 of inventory on account with credit terms of 3/10, net 30 Santelle uses the perpetual inventory system. On May 2, the seller gave Santelle a $170 allowance due to a product defect. What journal entry did Santelle Company prepare on May 2? A. debit Accounts Payable for $170 and credit Purchase Discounts for 5170 O B. debit Accounts Payable for 5170 and credit Purchase Returns and Allowances for 5170 OC. debit Cash for S170 and credit Accounts Payable for $170 OD. debit Accounts Payable for 5170 and credit Inventory for $170 Grogan Company purchases inventory on account with a cost of $1,700 and a retail price of $3,400, Grogan Company uses the perpetual inventory method. What journal entry is required on the date of purchase? O A. debit Purchases for S1.700 and credit Accounts Payable for 51,700 OB. debit Accounts Receivable for $3,400 and credit Purchases for $3,400 OC. debit Inventory for $1,700 and credit Accounts Payable for $1,700 OD. debit Purchases for $3,400 and credit Cash for $3,400