Table 1: Company N sold merchandise on account to Customer O for $3,400.00 on July 1. The terms of sale are: 1/15, n/30. On July 4, Customer O returned $400.00 worth of merchandise. The cost of these inventory items sold is $1,000.00. The cost of the inventory items returned is $40.00. Both companies use perpetual inventory system. Refer to Table 1, on July 15, Customer O paid Company N. The entry on Company N's book to record the cash received will include:1 O a. Debit Cash for $3,400.00 O b. Credit Sales Revenue for $3,400.00 O c. Debit Cost of Sales for $3,000.00 O d. Credit Accounts Receivable for $3,000.00 D e. Debit Inventory for $3,000.00