rown shares) when they acquire shares of that perio mporary creditors of a corporation in which they s The Longview Company sold inventory on account for $400. The cost of the inventory sold was $300. A week later, the goods were returned a made by The Longview Company to record the return of the goods sold should include Oa. A debit to Cash for $400. Ob. A debit to Sales for $400 and a debit to Inventory for $300 Oc. A debit to Sales Discounts for $400 and a credit to Accounts Receivable for $400 Od. A debit to Sales Retums and Allowances for $400 and a debit to Inventory for $300 Oe. A debit to Sales Retums and Allowances for $400 and a debit to Cost of Sales for $300 The account Allowance for Doubtful Accounts is considered Ca. an accounts receivable contra account Ob. a current liability. Oc. a contra revenue account. Od a selling expense account. ment of gamings normally report outdated cost of sales?