1 On September 12, Vandelay Industries sold merchandise in the amount of $7,500 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5,800. Vandelay uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vandelay will make on September 12 is (are): Multiple Choice Credit Account Title Sales Accounts Receivable Debit 7,600 7,600 O Credit Debit 7,600 O Account Title Sales Accounts Receivable Cost of goods sold Merchandise Inventory 7,600 5,800 5,800 O O Credit O Account Title Accounts Receivable Sales Debit 7,600 7,600 Neraun. Til haki 1 O Credit Debit 7,600 Account Title Sales Accounts Receivable Cost of goods sold Merchandise Inventory 7,600 5,800 5,800 Credit Account Title Accounts Receivable Sales Debit 7,600 7,600 Credit Debit 7,600 Account Title Accounts Receivable Sales Cost of goods sold Merchandise Inventory 7,600 5,800 5,800 Credit Account Title Accounts Receivable Sales Debit 5,800 5,800