I really need help completing and understanding this problem. Very much appreciated.

Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 26, it paid the full amount due. The correct journal entry to record the merchandise return on August 11 is: Multiple Choice Debit Accounts Payable $1,500; credit Cash $1,500. Debit Accounts Payable $1,500; credit Merchandise Inventory $1,500. O Debit Merchandise Inventory $1,500; credit Sales Returns $1,500. O Debit Merchandise Inventory $1,500; credit Cash $1,500. Debit Accounts Payable $1,500; credit Purchase Returns $1,500