13 Under the perpetual inventory system, the entry to record a purchase retum, on the purchaser's books, would include a credit to: O Accounts payable Purchase returns and allowances O Cost of goods sold O Merchandise inventory Question 20 Table 3 Sales revenue 475,000 Sales discounts 15,000 Sales returns and allowances 45,000 Ending inventory 70,000 Administrative expense 95,000 Cost of Goods Sold 200,000 Selling expenses 40,000 Net sales revenue for Antique Car Company is O $475,000 O $520,000 O $415.000 o $535.000