A company purchased $2,900 of merchandise on July 5 with terms 2/10,n/30. On July 7 , it returned $750 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 is: Multiple Choice Debi Accounts Payable \$2,50; credn Cash $2,150 Debi Cash \$2,150; credit Accounts Payable $2.150. Debit Accounts Payable 52,50 ; credit Merchandise inventery $43, creca Cash $2,07. Debi Accourts Paysble $2,900, credt Cash $2,900 Debit Merchandise invectery 52.150, creat Cash $2350