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What the journal entry to record the actual return

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Question - Botanic Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns period extends 60 days. On February 10, 2021, a customer purchases $4,000 of products (cost $2,000). Assuming that based on prior experience, estimated returns are 20%. What the journal entry to record the actual return of $250 of merchandise includes a

A. credit to Allowance for Sales Returns for $250.

B. credit to Cost of Goods Sold for $125.

C. credit to Returned Inventory for $125.

D. credit to Estimated Inventory Returns for $125.

Reference no: EM132768903

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