3 31125 points Eastern Wives Co sells surfboards and other beach gear. On 11/1, the company purchases on account an inventory of 200 surfboards at a total cost of $20.000. On 11 Eastern Waves askes its vendor for a $1,000 allowance on the surfboards (Eastern Waves has not paid for the surfboards yet to correctly record the owner should O debit Cash and credit Inventory. debit Accounts Payable and credit Inventory debit Cash and credit Accounts Payable. No entry is required because with an allowance no surfboards are actually returned