On June $30,$ Chesapeake Inc. purchased merchandise for $$6,300$ on credit terms $\frac{1}{10},\frac{n}{30}.$

Chesapeake accounts for purchase discounts using the gross method and follows a perpetual

inventory system. If Chesapeake paid the balance in full on July $8,$ Chesapeake's entry would include

a

Select one:

a$.$ Credit to Inventory for $$63.$

b$.$ Debit to Accounts Payable for $$6,237.$

c$.$ Credit to Purchase Discount for $$63.$

d$.$ Credit to Cash for $$6,300.$

e$.$ None of these are correct.