TB MC Qu. 141 (Algo) On September 12, Vander Company sold merchandise... On September 12, Vander Company sold merchandise in the amount of $7,400 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5,600. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are): Multiple Choice Credit Account Title Sales Accounts Receivable Debit 7,400 7,400 Credit Debit 7,400 Account Title Sales Accounts Receivable Cost of Goods Sold Merchandise Inventory 7,400 5,600 5,600 Account Title Debit credit Credit Account Title Accounts Receivable Sales Debit 7,400 7,400 Debit Credit 7,400 Account Title Accounts Receivable Sales Cost of Goods Sold Merchandise Inventory 7,400 5,600 5,600 Debit Credit Account Title Accounts Receivable Sales 5,600 5,600