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Required information Community Corp. uses the perpetual inventory method to account for its merchandise transactions. Community entered into the following transactions during March: March 5 Community sold merchandise to Autumn Company for $210,000, terms 3/10,n/30. The merchandise cost Community $168,000, March 8 Autumn returned $16,000 of the merchandise purchased on March 5. The returned merchandise cost Community $12,800. March 14 Community collected the payment due from Autumn. When Community records the return of merchandise on March 8, it will: debit Sales Revenue for $16,000. credit Inventory for $12,800. debit Accounts Receivable for $210,000. debit Inventory for $16,000. debit Cost of Goods Sold for $12,800. Required information Community Corp. uses the perpetual inventory method to account for its merchandise transactions. Community entered into the following transactions during March: March 5 Community sold merchandise to Autumn Company for $210,000, terms 3/10, 1/30. The merchandise cost Community $168,000. Autumn returned $16,000 of the merchandise purchased on March 5. The returned March 8 merchandise cost Community $12,800. March 14 Community collected the payment due from Autumn. debit to Cash for $194.000. debit to Sales Revenue for $6,300. debit Accounts Receivable for $194,000 credit to Accounts Receivable for $188,180. debit to Sales Revenue for $5,820