What transactiocauses a debit to Sales returns and allowances and a credit to Accounts receivable ( )
· There is no such entry ; it should be a credit to Sales returns and allowances and a debit to Accounts receivable.
· This transactiois recorded by the purchaser and recognizes the returof merchandise.
· Whea customer returns merchandise to the seller, this entry is recorded by the seller.
· There is no such entry; it should be a debit to Sales returns and allowances and a credit to Accounts payabl