On March 12, Klein Company sold merchandke in the amount of $10,200 to Babson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5,700. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $840 and the cost of the merchandise returned is $470. The entry or entries that Klein must make on March 15 is (are) Multiple Choice Sales returns and alloances Accounts receivable 815 Merchandise inventory 476 Cost of goods sold 476 Sales returns and allovances Accounts receivable 815 815 Merchandise inventory 456 Cost of goods sold 454 Accounts receivable Sales returns and allowances Accounts receivable 840 Sales returns and allowances Cost of goods sold Merchandise inventory 470 470 Sales returns and allowances