Under the Perpetual Inventory System,in Addition to Making the Entry

Multiple Choice

Under the perpetual inventory system,in addition to making the entry to record a sales return,a company would

A) increase Merchandise Inventory and decrease Cost of Goods Sold.
B) increase Cost of Goods Sold and decrease Purchases.
C) increase Cost of Goods Sold and decrease Merchandise Inventory.
D) make no additional entry until the end of the period.