On September 12, Jepson Company purchased merchandise in the amount of $5,800 from Vander Company, Inc. on credit with terms of 2/10, n/30. Jepson uses the gross method of accounting for purchases and a periodic inventory system. On September 14, Jepson returns some of the merchandise. The purchase price of the returned merchandise is $500. The entry or entries that Jepson must make on September 14 is: Accounts Payable 490 Merchandise Inventory 490 490 Accounts Payable Purchase Returns and Allowances 490 Purchases 500 Accounts Payable 500 Accounts Payable 500 Purchase Returns and Allowances 500 Accounts receivable 500 Sales Refund Payable 500