Question 20 Adebit to Sales Returns and Allowances and a credit to Accounts Receivable: Recognizes that a customer returned merchandise and/or accepted unsatisfactory product for a reduction in the amount owed for the inventory O Records the cost side of a sales return Is recorded when a customer takes advantage of a discount Reflects an increase in the amount due from a customer. Question 21 Jasper Company purchased merchandise for $3,500 with terms 3/15, net 45. W Jasper Company pays the invoice on the seventeenth after the invoice date, the Cash account will be: Credited for $105 Credited for $3.500 Debited for $3,395. Credited for $3.395