QUESTION 49 On March 12. Klein Company sold merchandise in the amount of 57.800 to Babson Company with credit terms of 2/10, 1/30. The cost of the tems sold a 54.500 klein uses the perpetual entory system and the gross method of accounting for sales. On March 15. Babson returns some of the merchandice, which is not defective. The selling price of the returned merchandiser 5000 and the cost of the merchandise returned 5350. The entry or entries that Klein must make on March 15 is core A Sales returns and allowances cod Accounts receivable Merchandise inventory 354 Cost of goods sold 30 B Sales retums and allowances 600 Accounts receivable co God Occounts receivable Sales returns and allowances Od 600 Decounts receivable sales teams and allowance Cost of goods sold Merchandise inventory Sales return towices 350 150 Riccounts receivable