This Question: 1 pt 36 of 50 (32 complete) This Test: 50 pts possible A company sold merchandise for $1,000 on account with terms of 5/15, 1/30. The company uses a perpetual Inventory system. Defective merchandise of $300 was returned two days later. If the payment was received after 30 days, the journal entry to record the cash receipt will include O A. a debit to Cash for $700 and a credit to Accounts Receivable for $700 OB. a credit to Cost of Goods Sold for $1,000 and a debit to Sales Revenue for $1,000 O c. a credit to Sales Revenue for $700 and a debit to Cash for $700 D. a debit to Cash for $950 and a credit to Accounts Receivable for $950 Click to select your