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| Elmo is a sales tax registered trader. All his sales and purchases carry sales tax at the rate of 171/4%. A customer has just returned goods sold for $230 net of sales tax. What is the double entry for this transaction? A Debit payables $270.25，Credit sales tax $40.25，Credit returns inwards $230 B Debit returns inwards $270.25，Credit receivables $270.25 C Debit returns inwards $230，Debit sales tax $40.25，Credit receivables $270.25 D Debit returns inwards $230，Debit irrecoverable sales tax $40.25，Credit receivables $270.25 |