A company that uses the net method of recording purchases and a perpetua/inventory system purchased $3,400 of merchandise on July 5 with terms 2/10,n/30. On July 7, it returned $750 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 Merchandise Inventory $2,650, credit Cash $2,650. Debit Cash $2,650, credit Accounts Payable $2,650. Debit Accounts Payable $2,650; credit Merchandise Inventory $53; credit Cash $2,597. Debit Accounts Payable $3,400; credit Cash $3,400. Debit Accounts Payable $2,597, debit Discounts Lost $53; credit Cash $2,650