Describe the correct answer and defend why it was correct. For instance, the transaction would have increased accounts payable because it increased something the company owed. The accounts payable account is credited because liabilities are increased with a credit entry. For calculation problems enter the calculation leading up to the solution. For more essay type problems refer back to the sources as to why it is correct. 42. A company, sold inventory for $6,000 on account that cost $4,200 with the terms 2/10 net 30. The company would record which of the following on the date it sells the inventory using their perpetual inventory system? Selected Answer: $5,400 600 B. Accounts Receivable Sales Discount Sales $6,000 Cost of Goods Sold Inventory $4,200 $4,200 $6,000 c. Accounts Receivable Sales Cost of Goods Sold Inventory $4,200 $6,000 $4,200