Polk Company uses a perpetual inventory system and had the following transactions during November: November 6Purchased $8,700 of inventory on account, terms 2/10, n/30. November 8Returned $1,200 of defective units and received full credit. November 15Paid the amount due. What journal entry will be recorded by Polk Company on November 15? Multiple Choice Debit Accounts Payable for $7,350, credit Inventory for $150, and credit Cash for $7,200 Debit Accounts Payable and credit Cash for $7,350 Debit Accounts Payable for $7,500, credit Purchase Discount for $150, and credit Cash for $7,350 Debit Accounts Payable for $7,500, credit Inventory for $150, and credit Cash for $7,350