A company purchased $2,800 of merchandise on July 5 with terms 3/10,n/30. On July 7 , it returned $700 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 joumal entry to record the payment on July 12 is: Multiple Choice Debit Cash \$2,100, credit Accounts Payable $2,100 Debit Merchandise inventory $2,100; credit Cash $2,100 Debit Accounts Payable $2,800, credit Cash $2.800 Debit Cash \$2,100; credit Accounts Payable \$2,100. Debit Merchandise Inventory $2,100; credit Cash $2,100. Debit Accounts Payable \$2,800; credit Cash $2,800. Debit Accounts Payable \$2,100; credit Merchandise Inventory $63; credit Cash $2,037. Debit Accounts Payable $2,100; credit Cash $2,100