Z-Mart uses the perpetual inventory system and recorded the following journal entry: DR - Sales Returns and Allowance CR - Accounts Receivable 2,500 2500 1000 DR - Merchandise Inventory CR - Cost of Goods Sold 1000 The transaction was O A payment of the accounts receivable Merchandise the company returned to the seller A purchase and recognition of a cash discount taken A return and payment of the account payable D A return of merchandise from a customer