Teip save a EXIL Suomi 144 Cushman Company had $834,000 in net sales, $364,875 in gross profit, and $208,500 in operating expenses. Cost of goods sold equals: Bo1:37:08 Multiple Choice o $834,000. o $469,125. o $364,875. o $260,625. o $208,500, On September 12, Vander Company sold merchandise in the amount of $9,800 to Jepson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is: Multiple Choice 9,506 Purchases Cash 9,506 9,8001 Accounts payable Merchandise inventory Cash 294 9,506 9,800 Accounts payable Purchases discounts Cash 294 9,506