Under a perpetual inventory system, the entries to record a $2,600 sales return of undamaged goods for a sale originally made on account, when the merchandise had a cost of $1,200, include a:
A)debit to Inventory of $1,200.
B)debit to Sales Returns and Allowances of $1,200.
C)credit to Cost of Goods Sold of $2,600.
D)credit to Sales Returns and Allowances of $1,200.

Question

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The Answer of Under a perpetual inventory system, the entries to record a $2,600 sales return of undamaged goods for a sale originally made on account, when the merchandise had a cost of $1,200, include a:
A)debit to Inventory of $1,200.
B)debit to Sales Returns and Allowances of $1,200.
C)credit to Cost of Goods Sold of $2,600.
D)credit to Sales Returns and Allowances of $1,200.

Under a Perpetual Inventory System, the Entries to Record a $2,600