On December 2,a Customer Returned Merchandise,with a Selling Price of $1,400

Multiple Choice

On December 2,a customer returned merchandise,with a selling price of $1,400 purchased on account,to a department store.Ignoring cost of goods sold,which journal entry should the department store prepare? Assume no discounts were offered.

A) Debit Sales Revenue for $1,400 and credit Accounts Receivable for $1,400.
B) Debit Sales Revenue for $1,400 and credit Cash for $1,400.
C) Debit Sales Revenue for $1,400 and credit Sales Refunds Payable for $1,400.
D) Debit Sales Refunds Payable for $1,400 and credit Accounts Receivable for $1,400.