Copper, Inc. purchased merchandise worth $1,800 on credit, terms n/30 and returned merchandise worth $200 on next day. What is the required journal entry to record the merchandise returns under the periodic inventory system?

Accounts Payable 200 Purchases Returns and Allowances 200

Merchandise Inventory 200 Purchases Returns and Allowances 200

Purchases Returns and Allowance 200 Merchandise Inventory 200

Accounts Payable 200 Merchandise Inventory 200