Renad Company is a furniture retailer and uses the perpetual inventory system: -On June 14, Renad purchased merchandise inventory at a total cost of $4,500. Sales terms were 5/10/30, FOB shipping point - On June 15, Renad paid the freight costs for the inventory by $500 in cash. - On June 18, damaged inventory costing $500 were returned to the seller for credit discount. - On June 28, Renad paid full amount that was payable to the seller of the inventory. Required: the journal entry to be recorded in Renad's books on June 21 is: Select one: a. Account payable account is debited by 4000 & Cash account is credited by 3800 and inventory account is credited by 200 b. Account payable account is debited by 4000 & Cash account is credited by 4000 and inventory account is credited by 200 C. Account payable account is debited by 3800 & Cash account is credited by 3800 d. Account payable account is debited by 4000 & Cash account is credited by 4000