On September 12, Vander Company sold merchandise in the amount of $7600 to Jepson Company, with credit terms of 2/10, 1/30. The cost of the items sold is $5,800 Vander uses the periodic inventory system. The journal entry or entries that Vander will make on September 12 is 8 Multiple Choice Account receivable Sales 1600 7600 5,800 Cost of goods sold Merchandise Inventory 5.800 O 5,800 Account receivable Sales 5,800 O O 7,600 Account receivable Sales 1,600 O Sales 17,600 Account receivable 1600 5.800 Cost of goods sold Merchandise Inventory 5,800 O Sales Account receivable 17,600 1,600