On September 12, Vander Company, Inc. 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. Vander uses the periodic inventory system. On September 14, Jepson returns some of the merchandise. The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Vander must make on September 14 is:

Sales returns and allowances	500
Accounts receivable		500
Merchandise inventory	350
Cost of goods sold		350

Sales returns and allowances	500
Accounts receivable		500

Accounts receivable	500
Sales returns and allowances		500

Accounts receivable	500
Sales returns and allowances		500
Cost of goods sold	350
Merchandise inventory		350

Sales returns and allowances	350
Accounts receivable		350