On September 12, Vandelay Company sold merchandise in the amount of $2,500 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $1,725. Vandelay uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $215 and the cost of the merchandise returned is $150. Jepson pays the invoice on September 18 and takes the appropriate

Multiple Choice

Account Title	Debit	Credit
Cash	2,454.30
Accounts Receivable		2,454.30

Account Title	Debit	Credit
Cash	2,454.30
Sales discounts	45.70
Accounts Receivable		2,500.00

Account Title	Debit	Credit
Cash	2,500.00
Accounts Receivable		2,500.00

Account Title	Debit	Credit
Cash	2,239.30
Sales discounts	45.70
Accounts Receivable		2,285.00

Account Title	Debit	Credit
Cash	1,725.00
Accounts Receivable		1,725.00