On August 1, Savage Company Purchased $2200 of Inventory on Account

On August 1, Savage Company purchased $2200 of inventory on account with credit terms of 4/10, net 30. Savage Company uses the perpetual inventory system. On August 15, Savage Company paid the amount due. What journal entry did they prepare on August 15?

A) debit Inventory for $2200 and credit Accounts Payable for $2200
B) debit Accounts Payable for $2200, credit Purchase Discounts for $88 and credit Cash for $2112
C) debit Accounts Payable for $2200 and credit Cash for $2200
D) debit Accounts Payable for $2112 and credit Cash for $2112