Harder Corporation uses the perpetual inventory method. On March 1, it purchased $30,000 of inventory, terms 2/10,

Question:

Harder uses the perpetual inventory method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March 3, Harder returned goods that cost $3,000. On March 9, Harder paid the supplier. On March 9, Harder should credit
a. Purchase discounts for $600.
b. Inventory for $600.
c. Purchase discounts for $540.
d. Inventory for $540.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...