On I July 2020, Jordan Co., sells inventory on account to Polo Company for $1,000 terms 2/10, n/30.The cost of the inventory is $800. On July 5, Polo returns inventory of $100 to Jordan Co. The cost to Jordan is $80. What should be the journal entry torecordthe sales returns in the book of Jordan Co. if it uses Perpetual inventory system?

Select one:

a.Sales revenue100

Accounts receivable 100

Inventory 80

COGS80

b.Sales returns and allowances 100

Accounts receivable100

COGS80

Inventory80

c.Accounts receivable100

Sales revenue100

COGS80

Inventory80

d.Sales returns and allowances 100

Accounts receivable100

Inventory 80

COGS80