Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10 30. On August 11, it retumed $1,500 worth of merchandise. On August 16, it paid the full amount due. The correct journal entry to record the payment on August 16 is: Multiple Choice Debit Merchandise Inventory $8.250, oed Cash $8.250 Debit Cesh $8.250, credit Accounts Payable $8.250 Debit Accounts Payable $8.250, credit Merchandise Inventory $82.50 credit C$36750 Dett Accounts Payable $5750, crede Merchandise Inventory 55250, crede Cesh $3.652.50 Debit Accounts Pay $836750; in Can$1750