A company that uses the net method of recording purchases and a perpetual inventory system purchased $1,900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $250 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 $1,617; debit Discounts Lost $33; credit Cash $1,650 Debit Accounts Payable $1,900; credit Cash $1,900 Debit Merchandise Inventory $1,650, credit Cash $1650 Debit Accounts Payable $1.650; credit Merchandise Inventory $33: credit Cash $1,617. Debit Cash $1,650, credit Accounts Payable $1,650