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 16, it paid the full amount due. the correct journal entry to record the purchase on august 7 is: group of answer choices debit accounts payable $9,750; credit merchandise inventory $9,750. debit accounts payable $8,250; debit purchase returns $1,500; credit merchandise inventory $9,750. debit merchandise inventory $9,750; credit sales returns $1,500; credit cash $8,250. debit merchandise inventory $9,750; credit accounts payable $9,750. debit merchandise inventory $9,750; credit cash $9,750.