Malone Corporation Uses the Perpetual Inventory Method

Multiple Choice

Malone Corporation uses the perpetual inventory method. On March 1, it purchased $60,000 of inventory, terms 2/10, n/30. On March 3, Malone returned goods that cost $6,000. On March 9, Malone paid the supplier. On March 9, Malone should credit

A) purchase discounts for $1,200.
B) inventory for $1,200.
C) purchase discounts for $1,080.
D) inventory for $1,080.