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What entry does Richardson make

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Question - Perkins issued a? $500 credit memo to a? customer, Susan? Richardson, for inventory that Richardson returned because it was not what she had ordered. What entry does Richardson make assuming her company is using a perpetual inventory? system?

A. Accounts Payable-Perkins 500

Inventory 500

B. Accounts Payable-Perkins 500

Purchase Returns and Allowances 500

C. Accounts Payable-Perkins 500

Sales Returns and Allowances 500

D. Inventory 500

Accounts Payable-Perkins 500

Reference no: EM132794886

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