A company purchased $$3,000$ of merchandise on July $5$ with terms $\frac{3}{10},\frac{n}{30}.$ On July $7,$ it returned $$800$ 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

Debit Accounts Payable $$2,200$; credit Merchandise Inventory $$66$; credit Cash $$2,134.$

Debit Merchandise Inventory $$2,200$; credit Cash $$2,200$

Debit Accounts Payable $$2,200,$ credit Cash $$2,200.$

Debit Cash $$2,200$; credit Accounts Payable $$2,200.$

Debit Accounts Payable $$3,000,$ credit Cash $$3,000$