QUESTION 10 Info Sys Company uses periodic Inventory system to record its merchandising transactions. Info Sys sold merchandise to Osco on credit, 52100 with credit terms 1/10, 1/30. On the next day, Cisco returned defective merchandise, $300. 12. How does Info Sys should record the return of the merchandise that was initially sold to Cisco ($300) Sales Returns and Allowance $300 Inventory $300 $300 Inventory OR Sales Retums and Allowance $300 Accounts Receivable $300 Sales Returns and Alowance $300 Sales Returns and Allowance $300 OD Accounts Receivable $300