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A company using the perpetual inventory system purchased inventory worth $510,000 on account with credit terms of 3/15,n/45. Defective inventory of $60,000 was returned 3 days later, and the accounts were appropriately adjusted. If the company paid the invoice 20 days later, the journal entry to record the payment would be____ A. $510,000 debit to Accounts Payable, $496,500 credit to Cash, and $13,500 credit to Merchandise Inventory B. $463,500 debit to Accounts Payable, $13,500 credit to Merchandise Inventory, and $450,000 credit to Cash C. $450,000 debit to Accounts Payable and $450,000 credit to Cash D. $510,000 debit to Accounts Payable and $510,000 credit to Cash
Sagot :
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