A company that uses the perpetual inventory system purchases inventory for $64,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made in 11...

Extracted text: A company that uses the perpetual inventory system purchases inventory for $64,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made in 11 days? O a debit to Cash for $64,000 and a credit to Accounts Payable for $64,000 O a debit to Accounts Payable for $64,000, a credit to Merchandise Inventory for $1280, and a credit to Cash for $62,720 O a debit to Accounts Payable for $64,000, a credit to Cash for $1280, and a credit to Merchandise Inventory for $62,720 a debit to Accounts Payable for $64,000 and a credit to Cash for $64,000 Quoction 4 of 38