A company that uses the perpetual inventory system purchased inventory for $1,200,000 on account with terms of 4/10, n/20, and returned $200,000 one day after. Which of the following correctly records the payment made 7 days after the date of invoice? Select one: Dr. Accounts Payable 1,000,000 Cr. Cash 1,000,000 Dr. Accounts Payable 1,200,000 Cr. Cash 1,200,000 Dr. Accounts Payable 1,000,000 Cr. Cash 960,000 Cr. Merchandise Inventory 40,000 Dr. Accounts Payable 900,000 Cr. Cash 864,000 Cr. Merchandise Inventory 36,000 900,000 Dr. Accounts Payable 864,000 Cr. Merchandise Inventory 36,000 Cr. Cash