A company purchased $1,800 of merchandise on July 5 with terms 2/10,n/30. On July 7, it returned $200 worth of merchandise. On July 28, 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 merchandise return on July 7 is: Multiple Choice Debit Merchandise Inventory $1,600, credit Cash $1,600. Debit Merchandise Inventory $200, credit Accounts Payable $200. Debit Merchandise Inventory $200, credit Sales Returns $200. e co search A company purchased $1,900 of merchandise on July 5 with terms 2/10,n/30. On July 7, it returned $250 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 Debit Merchandise Inventory $1,650, credit Cash $1650 Debit Cash $1,650, credit Accounts Payable $1,650 Debit Accounts Payable $1650, credit Merchandise Inventory $33: credit Cash $1617 BO 45 of 50 RA e o search hp