Under the perpetual inventory system what is the correct entry to account for when a customer returns damaged merchandise that cannot be resold? Select one: O a. Dr. Inventory and Cr. Accounts Receivable b. Dr. Sales Returns and Allowances and Cr. Accounts Receivable C. Dr. Accounts Receivable and Cr. COGS d. Dr. Sales Returns and Allowances and Cr. Accounts Receivable AND Dr. Inventory and Cr. COGS