132) On May 1, a company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May 8, the company pays for this inventory and records which of the following using a perpetual inventory system? 1. Accounts Payable Cash 2. Accounts Payable Inventory Cash 3. Accounts Payable Inventory Cash 4. Cash 2,000 1,960 40 2,000 2,000 2,000 2,000 40 1,960

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