Sunland Company purchased goods on account with a cost of $1150 on July 15, terms 2/10, net/30, on which a return of $150 is granted on July 18. In the tabular analysis that follows, the payment of the account in full on July 24 is recorded as a Assets Cash + Inventory Stockholders' Equity Retained Earnings Accounts Payable + Common Stock + Rev. Exp. - Div. Liabilities O decrease to Cash $980, a decrease to Inventory $20, and a decrease to Accounts Payable $1000. O decrease to Cash $980, an increase to Interest Expense $20, and a decrease to Accounts Payable $980. O decrease to Cash $1000, a decrease to Inventory $20, and a decrease to Accounts Payable $980. O decrease to Cash $1150, and a decrease Accounts Payable $1150.

Sunland Company purchased goods on account with a cost of $1150 on July 15 , terms 2/10, net/30, on which a return of $150 is granted on July 18. In the tabular analysis that follows, the payment of the account in full on July 24 is recorded as a decrease to Cash $980, a decrease to Inventory $20, and a decrease to Accounts Payable $1000. decrease to Cash $980, an increase to Interest Expense $20, and a decrease to Accounts Payable $980. decrease to Cash $1000, a decrease to Inventory $20, and a decrease to Accounts Payable $980. decrease to Cash $1150, and a decrease Accounts Payable $1150