A company purchased $2.600 of merchandise on My 5 with terms on returned $285 worth of merchandise on podrem ote the amount of the cash padon My ques M e Choice A company purchased $2.000 of merchandise on July 5 with terms 20./30. Only it returned $300 worth of merchandise. On Ju 12. paid the full amount due Assuming the companyies a perpetual inventory system and records purchases using the gross method, the correct journal entry to record the payment only 12 Multiple Choice O De Merchandise w ory 009 Credit Cash $100 O De Ch 000 Accounts Payable $1700 O Debit Accu Payale $1700 credit Merchandienetary 534 Casa $646 O Debit Accounts Payable $2.000.cre Can 2.000 O DO ACC Payable $1700 Credit Cash $1700 A buyer of $7700 in merchandise inventory failed to take advantage of the w discount of orstream of 375,6/45, and instead paid the invoice in the end of 45 days. By nosing advantage of the candicount, the buyer out the Garza Company had sales of $142,200, sales discounts of $2,150, and sales returns of $3,415. Garza Company's net sales equals: Multiple Choice 55.565. $136,635. $140.050. 5142,200. $147765