On September 12, Vander Company sold merchandise in the amount of $7,600 to Jepson Company, with credit terms of 2/10,n/30. The cost of the items sold is $4,900. 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: 7,600 Purchases Accounts receivable 7,600 O 7,600 Purchases Accounts payable 7,600 O Accounts payable Merchandise inventory 4,900 4,900 O 7,600 Merchandise inventory Accounts payable 7,600 4,900 Purchases Accounts receivable 4,900