Under the perpetual inventory system, the journal entries to record sales returns (the original sale was on account) would be: Select one Dr. Sales Returns and Allowances Cr. Accounts Receivable Dr. Merchandise Inwentary C. Contot Ooods Solid Dr. Accounts Payable Cr. Merchandise inventory Dr. Merchandise inventory Cr Cont of Goods Solid Dr Accounts Receivabio Cr. Solo De Merchandise inventory Cr Cost of Goods Sold Dr. Sales Returns and Allowances Cr Accounts Payable De Merchandise inventory Cr. Cost of Goods Sold De Cost of Goods Sold Dr. Merchandise Inventory Cr. Cost of Goods Sold Dr. Accounts Payable Cr. Merchandise Inventory Dr. Merchandise inventory Ct. Cost of Goods Sold Dr. Accounts Receivable Cr. Sales Dr. Merchandise Inventory Cr. Cost of Goods Gold Dr Sohn Roturns and Allowances Cl. Accounts Payable Dr. Merchandise Inventory Cr. Cost of Goods Sold Dr. Cost of Goods Sold Cr. Merchandise inventory De Merchandise inventory Cl. Accounts Payable