A customer returned merchandise purchased with cash with a sales price of $1,500. The cost of goods was $600. Which of the following represents the correct way to record this transaction assuming an adjusting entry had been prepared for estimated returns? 1,500 O A. Sales Returns and Allowances Cash 1,500 600 Estimated Returns Inventory Merchandise Inventory 600 1,500 OB. Refunds Payable Cash 1,500 600 Merchandise Inventory Estimated Returns Inventory 600 O C. Refunds Payable Sales Revenue 1,500 1,500 600 Merchandise Inventory Estimated Returns Inventory 600 1,500 OD. Sales Revenue Cash 1,500 600 Merchandise Inventory Cost of Goods Sold 600