A company purchased $2.200 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $400 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: Multiple Choice Debi Merchandise Inventory $1800; credit Cash $1,800 Debit Cash $1.800 credit Accounts Payable $1.800 Debit Accounts Payable $1000 credit Merchandise leventory $36 credit Cash $1764 Debt Accoures Payable $2,200 crude Cash $2.200 Debit Accounts Payable $1800 oede Can $1,800