A company that uses the net method of recording purchases and a perpetual inventory system purchased $3,000 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $800 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the payment on July 28 is Multiple Choice Debit Accounts Payable $2,134; debit Discounts Lost $66; credit Cash $2,200 Debit Cash $2,200; credit Accounts Payable $2,200. 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 $3,000; credit Cash $3,000 Screenshot