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

• Account Title	Debit	Credit
  Accounts Receivable	500
  Sales Returns and Allowances		500

• Account Title	Debit	Credit
  Sales Returns and Allowances	500
  Accounts Receivable		500
  Merchandise Inventory	350
  Cost of Goods Sold		350

• Account Title	Debit	Credit
  Sales Returns and Allowances	500
  Accounts Receivable		500

• Account Title	Debit	Credit
  Sales Returns and Allowances	350
  Accounts Receivable		350

• Account Title	Debit	Credit
  Accounts Receivable	500
  Sales Returns and Allowances		500
  Cost of Goods Sold	350
  Merchandise Inventory		350