Question Help On June 1, Kennedy Company purchased $7,000 of inventory on account from Stemer Company. Sterner Company offers a 5% discount if payment is received within 15 days. Kennedy Company records the purchase using the net method and the perpetual inventory system. The journal entry on June 1 by Kennedy Company includes O A. a credit to Accounts Payable for $7,000 O B. a debit to Inventory for $6,650 O C. a credit to Cash for $6,650 O D. a debit to Inventory for $7,000