A company sold merchandise for $1,000 on account with terms of 2/15, n/30. The company uses a perpetual inventory system. Defective merchandise of $200 was returned two days later. If the payment was received after 30 days, the journal entry to record the cash receipt will include ________.

A. a credit to Cost of Goods Sold for $1,000 and a debit to Sales Revenue for $1,000

B. a debit to Cash for $980 and a credit to Accounts Receivable for $980

C. a debit to Cash for $800 and a credit to Accounts Receivable for $800

D. a credit to Sales Revenue for $800 and a debit to Cash for $800

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