Solution 26. LO 6.7 A customer returns $690 worth of merchandise and receives a full refund. What accounts recognize this sales return, assuming the customer has not yet remitted payment to the retailer? A. accounts receivable, sales returns and allowances B. accounts receivable, cash C. sales returns and allowances, purchases D. sales discounts, cost of goods sold

26. 1.06.7 A customer retums $690 worth of merchandise and receives a fall refund. What retaller? A. accounts receivable, sales retums and allowances B. accounts recelvable, cash C. sales returns and allowances, purchases D. sales discounts, cost of goods sold