A company purchases merchandise on November 2 at a $2,400 invoice price (terms 3/10, n/30) and then pays all amounts owed on November 12. Using periodic inventory and net purchases methods, what are the proper entries to record these two transactions? 1) Nov. 2 2.400 Merchandise Inventory Accounts Payable 2.400 Nov. 11 2.400 Accounts Payable Cash 2.400 2) Nov. 2 2.328 Purchases Accounts Payable 2,328 Nov. 11 2,328 Accounts Payable Cash 2.328 3) Nov. 2 2,328 Purchases Accounts Payable 2,328 Nov. 11 Accounts Payable Purchase Discounts Lost Cash 2,328 72 2,400 4) Nov. 2 2,328 Merchandise Inventory Accounts Payable 2,328 Nov. 11 Accounts Payable Inventory Cash 2,328 72 2,400 5) Nov. 2 2,328 Accounts Payable Purchases 2,328 Nov. 11 Accounts Payable Purchase Discounts Lost Cash 2,328 72 2,400