On September 12, Ryan Company sold merchandise in the amount of $7,600 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,900. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $680 and the cost of the merchandise returned is $440. The entry or entries that Ryan must make on September 14 is (are):

• Sales returns and allowances	666
  Accounts receivable		666
  Merchandise inventory	440
  Cost of goods sold		440

• Sales returns and allowances	680
  Accounts receivable		680

• Sales returns and allowances	666
  Accounts receivable		666

• Sales returns and allowances	666
  Accounts receivable		666
  Merchandise inventory	431
  Cost of goods sold		431

• Sales returns and allowances	440
  Accounts receivable		440