Quiz Saved Help Save & Exit Submit On September 12, Vander Company sold merchandise in the amount of $8,400 to Jepson Company, with credit terms of 2/10, 1/30. The cost of the items sold is $5,300. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is: 37 Multiple Choice 8,232 Purchases Cash 8,232 8,400 Accounts payable Merchandise inventory Cash 168 8,232 8,400 Accounts payable Purchases discounts Cash 168 8,232 8,400 Accounts payable Merchandise inventory Cash 168 8,232 8,400 Accounts payable Purchases discounts Cash 168 8,232 8,232 Cash Accounts receivable 8,232 8,232 168 Cash Purchases discounts Accounts payable 8,400