On July 1,Corrao Company Purchased $800 of Inventory on Account

On July 1,Corrao Company purchased $800 of inventory on account with credit terms of 3/10,net 30.Corrao Company uses the perpetual inventory system.On July 5,Corrao Company paid the amount due.What journal entry did they prepare on July 5?

A) debit Accounts Receivable for $800 and credit Cash for $800
B) debit Accounts Payable for $800,credit Inventory for $24 and credit Cash for $776
C) debit Purchase Discount for $24,debit Accounts Payable for $752 and credit Cash for $776
D) debit Accounts Payable for $776 and credit Cash for $776