The entry to record the return of merchandise from a customer for cash, assuming a perpetual inventory system, would be:

Multiple Choice

debit Cash and credit Sales, and

debit Cost of Goods Sold and credit to Merchandise Inventory

credit Sales Returns and Allowances and debit Cash. and debit Merchandise Inventory and credit Cost of Goods Sold

debit Sales and credit cash, and

debit Cost of Goods Sold and credit to Merchandise Inventory

debit Sales Returns and Allowances credit Cash, ond debit Merchandise Inventory and credit Cost of Goods Sold