$($P$-27)$ Select all that apply

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 $\frac{2}{15},\frac{n}{40}.$ 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.$