A company purchased $2,100 of merchandise on July 5 with terms 3/10,n/30. On July 7 , it returned $300 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetualinventory 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 $1,800; credit Cash $1,800. Debit Cash $1,800; credit Accounts Payable $1,800. Debit Accounts Payable $1,800; credit Merchandise Inventory $54; credit Cash $1,746. Debit Accounts Payable $2,100; credit Cash $2,100. Debit Accounts Payable $1,800; credit Cash $1,800