Malone Corporation Uses the Perpetual Inventory Method

question 89

Multiple Choice

Malone Corporation uses the perpetual inventory method.On March 1, it purchased $30,000 of inventory, terms 2\10, n\30.On March 3, Malone returned goods that cost $3,000.On March 9, Malone paid the supplier.On March 9, Malone should credit

• A)purchase discounts for $600.
• B)inventory for $600.
• C)purchase discounts for $540.
• D)inventory for $540.