On January 12, Chirp Corp sold merchandise in the amount of $5,800 to Seeds and Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Chirp Corp uses the perpetual inventory system. Seeds and Company pays the invoice on January 18, and takes the appropriate discount. The journal entry that Seeds and Company makes on January 18 is: Accounts payable 5,800 Merchandise inventory 116 Cash 5,684 Cash 5,684 Purchases discounts 116 Accounts payable 5,800 Cash 5,684 Accounts receivable 5,684 Purchases 5,684 Cash 5,684