On September $12,$ Vander Company sold merchandise in the amount of $$8,400$ to Jepson Company, with credit terms of $2/10,$ n$/30.$ The cost of the items sold is $$5,300.$ Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September $12$ is:

Multiple Choice

Account Title Debit Credit

Purchases $8,400$

Accounts payable $8,400$

Account Title Debit Credit

Accounts payable $5,300$

Merchandise inventory $5,300$

Account Title Debit Credit

Purchases $8,400$

Accounts Receivable $8,400$

Account Title Debit Credit

Merchandise inventory $8,400$

Accounts payable $8,400$

Account Title Debit Credit

Purchases $5,300$

Accounts Receivable $5,300$