A company purchased BD 1,600 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned BD 100 worth of merchandise. On July 17, it paid the full amount due. Assuming the company uses a perpetual inventory system, the correct journal entry to record the payment on July 12 is:

- Dr. Accounts Payable 1,500

Cr. Cash 1,500

- Dr. Merchandise Inventory 1,500

Cr. Cash 1,500

- Dr. Accounts Payable 1,500

Cr. Merchandise Inventory 30

Cr. Cash 1,470

- Dr. Cash 1,600

Cr. Accounts Payable 1,600

A company purchased BD 1,600 of merchandise on July 5 with terms 2/10, N30 On July 7 , it relurned BD100 worth of merchandise. On July 17 , it paid the full amount due. Assuming the cormpany uses a perpotual inventory system, the cortect poumal ondry to record atio payment on Jidi 12 as Dr Acoounts Payable 1,500 Cr. Cash 1.500 Dr Merchandise liventory 1,500 Cr. Casta 1,500 Dr Accounts Payabie 1.500 Cr Mercharidise Inventory 30 Cr Cash 1,470 Dr Cash 1.600 Cr Accounts Payable 1,600