On September 12, Vander Company sold merchandise in the amount of $7,000 to Jepson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4,600. 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:

• Purchases	7,000
  Accounts receivable		7,000

• Purchases	4,600
  Accounts receivable		4,600

• Purchases	7,000
  Accounts payable		7,000

• Merchandise inventory	7,000
  Accounts payable		7,000

• Accounts payable	4,600
  Merchandise inventory		4,600