Question: In perpetual inventory system we learned from class, if an inventory item was purchased from Alpha Inc. on account on Aug5 for $360 and term

In perpetual inventory system we learned from class, if an inventory

In perpetual inventory system we learned from class, if an inventory item was purchased from Alpha Inc. on account on Aug5 for $360 and term is 1/10, n/30, what will be the accounting entry if the business made the payment on Aug8. O A. Dr. Alpha Inc. 360, Cr Cash 360 O B. Dr. Accounts Payable -Alpha Inc 360, Cr. Cash 356.40 and Inventory 3.6 OC. Dr. Alpha Inc. 360 Cr. Cash 356.40 and Inventory 3.6 OD. Dr. Accounts Payable- Alpha Inc. 360, Cr. Cash 360 and Inventory 3.6

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