28 of 56 Concepts completed Multiple Choice Question Using a perpetual inventory system, what is recorded when a customer returns a product and gets the cash back and the product is put back on the store shelf to be resold? O a debit to sales returns & allowances and a credit to cash; and a debit to inventory and a credit to cost of goods sold O a debit to cash and a credit to sales returns & allowances; and a debit to cost of goods sold and a credit to inventory O a debit to sales returns & allowances and a credit to cash O a debit to cash and a credit to sales returns & allowances; and a debit to inventory and a credit to cost of goods sold