Question Completion Status: QUESTION 37 ndise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 12. ik paid the tul amount perpetuol inve due. Assuming the company uses a July 12 is: and records purchases using the gross method, the correct journal entry to record the payment on ntory system, O Debit Merchandise Inventory $1,600; credit Cash $1,600o. Debit Cash $1,600; credit Accounts Payable $1,600. Debit Accounts Payable $1,600 credit Merchandise Inventory $32; credit Cash $1,568 Debit Accounts Payable $1,800; credit Cash $1,800 Debit Accounts Payable $1,600; credit Cash $1,600. QUESTION 38 on August and the gross method of accounting for purchases. The company purchased $9,750 of ms 1/10, n/30. On August 11, it returned $1,500 worth of merchandije. On August 26, t paid the full amount due. The correct journal entry to record the ndise return on August 11 is: O Debit Accounts Payable $1,500; credit Cash $1,500. O Debit Accounts Payable $1,500; credit Merchandise Inventory $1,500 O Debit Merchandise Inventory $1,500: credit Sales Returns $1.500. O Debit Merchandise Inventory $1,500; credit Cash $1.500. ODebit Accounts Payable $1,500; credit Purchase Returns $1.500. ick Save and Submit to save and submit. Click Save All Answers to save all ansuers MacBook Pro