On May 8, ABC company purchased a merchandise costing $6,000 from Ali company, terms 1/10, 1/30. On May 17, ABC company paid the balance due to Ali company. The entry by ABC Company on May 17 to record the payment would include; Select one: Credit Accounts Payable for $6,000. O Credit Cash for $60. O Debit Accounts Payable for $5,940. Credit Merchandise Inventory for $60