Best Value Furniture uses the periodic inventory system to account for its inventory. It purchased $2,000 of goods from its supplier but later returned $400 of the goods due to damage. Best Value would record the return by: debiting Accounts Payable, crediting Purchases debiting Sales Returns and Allowances, crediting Accounts Receivable debiting Accounts Payable, crediting Purchases Purchase Returns and Allowances debiting Purchase Returns and Allowances, crediting Accounts Payable