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B-Mart has a perpetual inventory system, B-Mart sells $5,00 of blue jeans. The customer later brings $600 of blue jeans back to B-Mart because they

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B-Mart has a perpetual inventory system, B-Mart sells $5,00 of blue jeans. The customer later brings $600 of blue jeans back to B-Mart because they are defective. Those blue jeans had a cost of $200. The customer agrees to keep the blue jeans and B-Mart agrees to a $200 allowance. Which of the following is one of the entries that B-Mart will use to record the return? Debits, Sales Returns & Allowances for $200 and credit Receivable for $200 Debit inventory for $200 and credit Accounts Receivable for $200 Debit Accounts Receivable for $200 and credit inventory for $200. Debit Accounts Receivable for $200 and credit Sales Returns & Allowances for $200

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