On October 1,Robertson Company Sold Merchandise in the Amount of $5,800

On October 1,Robertson Company sold merchandise in the amount of $5,800 to Alberts,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Robertson uses the perpetual inventory system.On October 4,Alberts returns some of the merchandise.The selling price of the merchandise is $500 and the cost of the merchandise returned is $350.The entry or entries that Robertson must make on October 4 is:

A) $$\begin{array} { | l | r | r | } \hline \text { Sales Returns and Allowances } & 500 & \\\hline \text { Accounts Receivable } & & 500 \\\hline \text { Merchandise Inventory } & 350 & \\\hline \text { Cost of Goods Sold } & & 350 \\\hline\end{array}$$
B) $\begin{array}{|l|r|r|}\hline \text { Sales Returns and Allowances } & 500 & \\\hline \text { Accounts Receivable } & & 500 \\\hline\end{array}$

C) $$\begin{array} { | l | r | r | } \hline \text { Accounts Receivable } & 500 & \\\hline \text { Sales Returns and Allowances } & & 500 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Accounts Receivable } & 500 & \\\hline \text { Sales Returns and Allowances } & & 500 \\\hline \text { Cost of Goods Sold } & 350 & \\\hline \text { Merchandise Inventory } & & 350 \\\hline\end{array}$$
E) $$\begin{array} { | c | r | r | } \hline \text { Sales Returns ard Allowances } & 350 & \\\hline \text { Accounts Receivable } & & 350 \\\hline\end{array}$$