A Merchandiser Sold Merchandise Inventory on Account $\begin{array}{c}\begin{array}{|l|}\hline \text {Sales Returns and Allowances}\\\hline \text {Accounts Receivable}\\\hline\end{array}\end{array}$

A merchandiser sold merchandise inventory on account. The journal entry to record sales allowances in the books of a merchandiser using the perpetual inventory system would be:

A) $\begin{array}{c}\begin{array}{|l|}\hline \text {Sales Returns and Allowances}\\\hline \text {Accounts Receivable}\\\hline\end{array}\end{array}$

B) $\begin{array}{c}\begin{array}{|l|}\hline \text {Merchandise Inventory}\\\hline \text {Sales Revenue}\\\hline\end{array}\end{array}$

C) $\begin{array}{c}\begin{array}{|l|}\hline \text {Cost of Goods Sold}\\\hline \text {Sales Returns and Allowances}\\\hline\end{array}\end{array}$



D) $\begin{array}{c}\begin{array}{|l|}\hline \text {Sales Returns and Allowances}\\\hline \text {Cash}\\\hline\end{array}\end{array}$