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A company that uses the perpetual inventory system purchased inventory for $1,000,000 on account with terms of 4/7, n/20. Which of the following correctly records the payment made 15 days after the date of invoice? A. Accounts Payable 1,000,000 Merchandise Inventory 100,000 Cash 900,000 B. Accounts Payable 1,000,000 Merchandise Inventory 1000,000 C. Accounts Payable 1,000,000 Cash 1,000,000 D. Cash 1,000,000 Accounts Payable 1,000,000 A company that uses the perpetual inventory system purchased inventory for $1,000,000 on account with terms of 4/7, n/20. Which of the following correctly records the payment made 15 days after the date of invoice? A. Accounts Payable 1,000,000 Merchandise Inventory 100,000 Cash 900,000 B. Accounts Payable 1,000,000 Merchandise Inventory 1000,000 C. Accounts Payable 1,000,000 Cash 1,000,000 D. Cash 1,000,000 Accounts Payable 1,000,000