On September 12 , Vandelay Company sold merchandise in the amount of $7,800 to Jepson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,000. 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 \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Purchases & 7,800 & \\ \hline Accounts Receivable & & 7,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Purchases & 5,000 & \\ \hline Accounts Receivable & & 5,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Purchases & 7,800 & \\ \hline Accounts payable & & 7,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Merchandise inventory & 7,800 & \\ \hline Accounts payable & & 7,800 \\ \hline \end{tabular}