Green Company Purchased $3,600 of Merchandise on Account, Terms 2/10

Multiple Choice

Green Company purchased $3,600 of merchandise on account, terms 2/10 n/30. If payment was made after the expiration of the discount period and a perpetual inventory system is used, the entry to record the payment would include a:

A) credit to Inventory of $3,600.
B) credit to Cash of $3,528.
C) credit to Cash of $3,600.
D) debit to Accounts Payable of $3,528.