accounting help

A company purchased $3,400 of merchandise on July 5 with terms 2/10, 1/30. On July 7, it returned $750 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is: Multiple Choice Debit Merchandise Inventory $2,650; credit Cash $2,650. Debit Accounts Payable $3,400, credit Cash $3,400. Debit Cash $2,650; credit Accounts Payable $2.650. Debit Accounts Payable $2,650; credit Cash $2,650. Debit Accounts Payable $2,650; credit Merchandise Inventory $53; credit Cash $2,597