On August 1,the Savage Company Purchased $2,000 of Inventory on Account

On August 1,the Savage Company purchased $2,000 of inventory on account with credit terms of 2/10,net 30.Savage Company uses the perpetual inventory system.On August 15,the Savage Company paid the amount due.What journal entry did they prepare on August 15?

A) debit Inventory for $2,000 and credit Accounts Payable for $2,000
B) debit Accounts Payable for $2,000,credit Purchase Discounts for $40 and credit Cash for $1,960
C) debit Accounts Payable for $2,000 and credit Cash for $2,000
D) debit Accounts Payable for $1,960 and credit Cash for $1,960