Assume that Marigold and Novak use the earnings approach for revenue recognition. Marigold returned to Novak Inc. 4 damaged fuses. Novak accepted the return and issued a credit note for $310 to Marigold for the merchandise it had purchased on account. To record this return, Novak's accountant must O debit Cash and credit Sales for $310. O debit Sales Returns and Allowances and credit Accounts Receivable for $310. O debit Sales and credit Cash for $310. O debit Sales Returns and Allowances and credit Cash for $310. Save for Later Attempts: 0 of 1 used Submit