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A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, It returned $900 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual Inventory system, and records purchases using the gross method, the correct Journal entry to record the payment on July 12 is: Multiple Choice 0 Debit Merchandise Inventory $2.300: credit Cash $2,300. 0 Debit Cash $2.300: credit Accounts Payable $2,300. O Debit Accounts Payable $2.300: credit Merchandise Inventory $46: credit Cash $2.254. 0 Debit Accounts Payable $3.200: credit Cash $3,200. 0 Debit Accounts Payable $2,300: credit Cash $2,300. On February 3, Smart Company sold merchandise in the amount of $1.800 to Truman Company with credit terms of 1/10. n/30. The cost of the items sold is $1.240. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is: Multiple Choice Cash Accounts receivable 0 o cestounts receivable Cash Accounts receivable 1, seal 1,300 1, 1, seg 0 Cash Sales discounts Accounts receivable 1,720 12 1,732 0 o Cash | Accounts receivable caserounts receivable 1,160 1,164 1,182 1,160 0 Cash Sales discounts Accounts receivable 1,800