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A company purchased $$3,300$ of merchandise on July $5$ with terms $\frac{3}{10},\frac{n}{30}.$ On July $7,$ it returned $$900$ 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 Accounts Payable $$2,400$; credit Cash $$2,400.$

Debit Merchandise Inventory $$2,400$; credit Cash $$2,400.$

Debit Accounts Payable $$2,400$; credit Merchandise Inventory $$72$; credit Cash $$2,328.$

Debit Accounts Payable $$3,300$; credit Cash $$3,300.$

Debit Cash $$2,400$; credit Accounts Payable $$2,400.$