Required information Community Corp. uses the perpetual inventory method to account for its merchandise transactions Community entered into the following transactions during March: March 5 Community sold merchandise to Autumn Company for $430,000, terms 2/10, 1/30. The merchandise cost Community $301,000 Autumn returned $28,000 of the merchandise purchased on March 5. The returned merchandise cost Community $19,600. Community collected the payment due from Autumn March 8 March 14 When Community records the return of merchandise on March 8, it will: Multiple Choice debit Cost of Goods Sold for $19,600 debit Inventory for $28.000 credit Inventory for $19.600. de Sales Revenue for $28.000 detit Accounts Receivable for $430,000