A Merchandiser Sold Merchandise Inventory on Account B) C) D)

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

A) $$\begin{array} { | c | r | c | } \hline \text { Sales Returns and Allowances } & \chi \chi & \\\hline \text { Merchandise Inventory } & & \chi \chi \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Refunds Payable } & \chi \chi & \\\hline \text { Accounts Receivable } & & \chi \chi \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cost of Goods Sold } & \chi \chi & \\\hline \text { Sales Returns and Allowances } & & \chi \chi \\\hline\end{array}$$
D) $$\begin{array} { | c | r | c | } \hline \text { Estimated Returns Inventory } & \chi \chi & \\\hline \text { Accounts Receivable } & & \chi \chi \\\hline\end{array}$$