The Bugel Boy Company sold 10 pairs of pants at $50.00 each to a customer on 10/15/2016. The company's cost is $30.00 for each pant. At the time of the sale, the customer received the merchandise and was issued an invoice due in 30 days. On 10/20/16, the customer returned one pair of pants to the store because there was a hole in the pocket. The journal entry that must be recorded for this return is: A. COGS $30 (Debit) Inventory $30 (Credit) B. Revenue $50 (Debit) AR $50 (Credit) C. Returns $50 (Debit) AR $50 (Credit) D. Revenue $30 (Debit) AR $30 (Credit)