A Company That Uses the Perpetual Inventory System Purchased Merchandise $\begin{array}{|c|c|c|}\hline \text { Merchandise Inventory } & 4,300 & \\\hline \text { Accounts Payable } & & 4,300 \\\hline\end{array}$

A company that uses the perpetual inventory system purchased merchandise inventory at a cost of $4,300 with credit terms 3/15,net 45.If the company elects to pay within the discount period,what would be the appropriate journal entry to record the payment?

A) $\begin{array}{|c|c|c|}\hline \text { Merchandise Inventory } & 4,300 & \\\hline \text { Accounts Payable } & & 4,300 \\\hline\end{array}$
B) $$\begin{array} { | l | c | c | } \hline \text { Accounts Payable } & 4,300 & \\\hline \text { Merchandise Inventory } & & 4,300 \\\hline\end{array}$$
C) $$\begin{array} { | l | c | c | } \hline \text { Purchase Discount } & 4,171 & \\\hline \text { Accounts Payable } & & 4,171 \\\hline\end{array}$$
D) $$\begin{array} { | c | c | c | } \hline \text { Accounts Payable } & 4,171 & \\\hline \text { Cash } & & 4,171 \\\hline\end{array}$$
E) $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 4,300 & \\\hline \text { Merchandise Inventory } & & 129 \\\hline \text { Cash } & & 4,171 \\\hline\end{array}$$