X-Mart uses the perpetual inventory system to account for its merchandise. On May 1 , it purchased $400 of merchandise on account with terms of 2/15,n/40. On May 3, X-Mart returned $50 of merchandise due to defect. Assuming that the purchase was paid for within the discount period, demonstrate the required journal entry for X-Mart to record the payment by selecting all of the correct actions below. (Check all that apply.) Credit Cash $343. Debit Accounts Payable $350. Credit Cash $392. Credit Accounts Payable $350. Credit Purchase Discounts $7. Credit Merchandise Inventory $7. Debit Merchandise Inventory $7