X. Co. sells $100 of inventory to Y Co. on credit. Later that week, Y Co. returns $10 of the inventory as damaged merchandise. Which of the following journal entries correctly records Y Co.'s return of inventory on X Co.'s books? Select the single best answer: A. debit Cost of Goods Sold; credit Returns B. debit Accounts Receivable; credit Inventory OC. debit Cash; credit Inventory CD. debit Sales Returns and Allowances; credit Accounts Receivable OE. debit Accounts Payable; credit Inventory

X. Co. sells $100 of inventory to YCo. on credit Later that week, Y Co. returns $10 of the inventory as damaged merchandise. Which of the following journal entries correctly records Y Co.'s return of inventory on X Co's books? Select the single best answer: A debit Cost of Goods Sold; credit Retums B. debit Accounts Recelvable; credit inventory C. debit Cash; credit inventory D. debit Sales Returns and Allowances, credit Accounts Recelvable E debit Accounts Payable; credit inventory