Q5.5: Monet Company uses a perpetual inventory system and made a purchase of merchandise on credit from Claude Corporation on August 3, for $3,000, terms 2/10,n/45. On August 10, Monet made the appropriate payment to Claude. The entry on August 10 for Monet Company is? A 3,000 Accounts Payable........ Cash 3,000 B 3,000 Accounts Payable... Inventory... Cash 60 2,940 2,940 Accounts Payable......... Cash 2,940 D 3,000 Accounts Payable.......... Purchase Returns and Allowances........ Cash 60 2,940