Business, 02.01.2021 02:40, elysalmeron05

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

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Elkins Corporation uses the perpetual inventory method. On March 1, it purchased $30,000 of inventor...