Hep Save & Lt Submit On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, 1/30, he cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is: Multiple Choice 5,800 Purchases Accounts payable 5,800 Merchandise inventory 0 5 Accounts payable ,800 Purchases Accounts receivable 4,000 4,000 MHE Reader Help Save & Exit Submit Purchases Accounts payable 5,800 5,800 5,800 Merchandise inventory Accounts payable 5,800 Purchases Accounts receivable 4,000 4,000 5,800 Purchases Accounts receivable 5,800 1 4,000 Accounts payable Merchandise inventory 4,000