A company purchased $2,300 of merchandise on July 5 with terms 2/10, 1/30. On July 7, it returned $450 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetua/inventory system, and records purchases using the gross method, the correct Journal entry to record the payment on July 12 is: Multiple Choice Debit Cash $1,850; credit Accounts Payable $1,850. Debit Accounts Payable $1,850; credit Merchandise Inventory $37; credit Cash $1,813. Debit Merchandise Inventory $1.850; credit Cash $1,850. Debit Accounts Payable $2,300, credit Cash $2,300 Debit Accounts Payable $1,850; credit Cash $1,850