Wildhorse Co. returned $260 of goods originally purchased on credit from Sarasota Industries. Using the periodic Inventory approach, Wildhorse would record this transaction as:

Purchase Returns and Allowances	260
Accounts Payable		260

Accounts Payable	260
Inventory		260

Accounts Payable	260
Purchases Returns and Allowances		260

Inventory	260
Accounts Payable		260