ring 2022 incements aments ssions S On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the perpetual inventory system. On October 4, Alberts returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Robertson must make on October 4 is: O Sales returns and allowances Accounts receivable. Merchandise inventory 500 500 350 350 Cost of goods sold US Sales returns and allowances Accounts receivable 500 500 es O Accounts receivable 500 Sales returns and allowances 500 les corations Analytics e Evaluations Base Course O Accounts receivable 500 Sales returns and allowances 500 Cost of goods sold Merchandise inventory 350 350 O Sales returns and allowances Accounts receivable 350 350