Perkins issued a$500 credit memo to acustomer, SusanRichardson, for inventory that Richardson returned because it was not what she had ordered. What entry does Richardson make assuming her company is using a perpetual inventorysystem?

A.

Accounts PayablePerkins

500

Inventory

500

B.

Accounts PayablePerkins

500

Purchase Returns and Allowances

500

C.

Accounts PayablePerkins

500

Sales Returns and Allowances

500

D.

Inventory

500

Accounts PayablePerkins

500