a b c or d

A customer purchased 200 units at $5 each on account and later returns 50 un its. The units cost the seller $2 each. What entry (or entries) would the seller make to record the credit to the customer and the return of merchandise? Credit Debit Account Titles 250 A/P 250 Inventory Record allowance to customer on seller's books 50u $5= $250 Account Titles Credit Debit Sales Returns & Allowances 100 A/R 100 Record allowance to customer on seller's books 50 u@ $2 = $100 COGS 250 Inventory 250 Return goods to inventory on seller's books 50u @ $5 $250 Credit Debit Account Titles 250 Sales Retums & Allowances 250 A/R Record allowance to customer on seller's books 50 u @ $5 $250 100 Inventory 100 COGS Return goods to inventory on seller's books 50u@$2 =$100 Debit Credit Account Titles 250 A/R Sales Returns & Allowances 250 Record allowance to customer on seller's books 50 u@$5 $250 COGS 100 Inventory 100