on September 12, ryan

On September 12. Ryan Company sold merchandise in the amount of $5.00 Jouson Company with credits 2 /10. 30. The cost of the items sold is $4.000 Myanuses the periode inventory System and the net method of accounting for sale on September 14. Johns return some of the non-defective merchandise which is restored to inventory. These price of the returned merchandis 500 and the cost of the merchandise returned is the entry or entries that Ryan must make on September 14 is (are Sales returns and a lowance les returns and allowana es returns and 490 Sales returns and allowances Accounts receivable Merchandise inventory Cost of goods sold 490 343 343 500 Sales returns and allowances Accounts receivable 500 490 Sales returns and allowances Accounts receivable 490 490 490 Sales returns and allowances Accounts receivable Merchandise inventory Cost of goods sold 350 350 350 Sales returns and allowances Accounts receivable 350 On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company with credit terms of 2/10, 1/30. The cost of the items sold is $4,000. 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 $500 and the cost of the merchandise returned is $350. The entry or entries that Ryan must make on September 14 is (are): Sales returns and allowances 4901