SULLIVER MULT 2. 3 On May 1, Seuss Designs sold goods for $5,000 to Baker Marketing on account, due June 1. On May 15, Baker returned some of these goods costing $500 to Seuss, Seuss had paid $150 for these goods when they purchased them from a manufacturer earlier in the year. Seuss has a perpetual inventory system. Which of the following journal entries would Seuss make to record this return? DOCX ESUME 5 6 8 9 Debit Returns and allowances $500 Credit Accounts receivable $500 Debit Inventory $500 Credit COGS $500 Debit Accounts receivable $500 Credit Returns and allowances $500 Debit Returns and allowances $500 Credit Accounts receivable $500 Debit Inventory $150 Credit COGS $150 0 otv