accouting

On September 12. Ryan Company sold merchandise in the amount of $8,400 to Johnson Company with credit terms of 2/0, 30. The cost of the items sold 35,300. Hyan use the periodic inventory system and me method of accounting for sales. On September 14, Johnson returns some of the non-defective marchandise which is restored to inventory. The selling price of returned merchandise is $760 and the cost or merchandise returned is $180. The entry or entries that Ryan must make on September is a Multiple Choice 745 Sales returns and Accounts receivable Merchandise inventory Cost of goods 480 40 Sate returns and Lovences Accounts receive 760 Cal returns and CES Accounts receive 7 Es redes Account herchandise inventory Coro 10 40 returns and wants Accounts receivable