Saved Help Save & Exit Su 6 On September 12, Ryan Company sold merchandise in the amount of $7,200 to Johnson Company, with credit terms of 2/10, n/30 The cost of the items sold is $4.700. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is: 10 points Multiple Choice Book O Accounts payable 7,20e Merchandise inventory 7, 20e Print O Merchandise inventory 7,056 Accounts payable 7, 056 Merchandise inventory 4,706 Accounts payable 4, 700 O Purchases 7,056 Accounts payable 7,056 O Purchases 7,206 Accounts payable 7,200