A seller uses a perpetual inventory system and on April 17 a

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on credit on April 13. The seller\'s cost of the merchandise returned was $480. The merchandise is not defective and is restored to inventory. The seller has not yet received any cash from the customer. Complete the two journal entries (the first for the revenue part of the transaction and the second for the cost part) to record the sales return transaction by selecting the account names and dollar amounts from the drop-down menus. Date Account Title Debit Credit April 17

Journal entries :

Date	accounts & explanation	debit	credit
Apr 17	Sales return and allowances a/c	1000
	Account receivable a/c		1000
	Merchandise inventory a/c	480
	Cost of goods sold a/c		480
	(To record sales return)

$A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on credit on April 13. The seller\'s$

A seller uses a perpetual inventory system and on April 17 a

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