On September 12, Ryan Company sold merchandise in the amount of $7,400 to Johnson Company with credit terms of 3/10, n/30. The cost of the items sold is $4,800. Johnson uses the periodic inventory system and the net method of accounting for purchases. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Johnson makes on September 18 is: Multiple Choice 7,178 7,178 Accounts payable Cash 7.400 Accounts payable Purchases discounts 7,178 Cash Accounts payable4,800 Merchandise inventory 144 4,656 Cash 7,178 Accounts payable Cash 7,178 Accounts payable 7,400 Purchases discounts Cash 7, 178 Accounts payable 4,800 Merchandise inventory 144 Cash 4,656 Cash 7,178 Purchases discounts Accounts payable 7,400 Purchases 7,178 Cash 7,178