Explain what the credit terms of 2/10,1/30 mean. (Check all that apply.) The full payment is due within 10 days. The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date. The buyer can take a discount of 10% if the invoice is paid with 30 days of the invoice date. The full payment is due within a 30-day credit period. X-Mart purchased $300 of merchandise on account. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used O Credit Merchandise Inventory $300: debit Accounts Payable $300. O Debit Purchases $300: credit Accounts Payable $300 O Debit Merchandise Inventory $300: credit Accounts Payable $300. O Debit Merchandise Inventory $300. Credit Soles $300