On September 12, Vandelay Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vandelay uses the periodic inventory system and the gross method of accounting for sales. On September 14 , Jepson 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 Vandelay must make on September 14 is (are): Multiple Choice \begin{tabular}{|l|r|r|} \hline Account Title & Debit & Credit \\ \hline Sales Returns and Allowances & 500 & \\ \hline Accounts Receivable & & 500 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Sales Returns and Allowances & 500 & \\ \hline Accounts Receivable & & 500 \\ \hline Merchandise Inventory & 350 & \\ \hline Cost of Goods Sold & & 350 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Account Title & Debit & Credit \\ \hline Sales Returns and Allowances & 350 & \\ \hline Accounts Receivable & & 350 \\ \hline \end{tabular} Screenshot