Multiple Select Question Select all that apply LOL Music Store uses the perpetual inventory system to account for merchandise. On November 17, it purchased $1,000 of merchandise with terms of 2/5,1/60. If payment is made on November 21, demonstrate the required journal entry to record the payment by selecting all of the correct actions below. (Check all that apply) Credit Cash $1.000 Credit Purchase Discounts $20. Credit Accounts Payable $1,000. Credit Merchandise Inventory $20. Debit Merchandise Inventory $20. Credit Cash $980. O Debit Accounts Payable $1,000