Supplier under the perpetual inventory system

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Reference no: EM131211336

The entry to record the return of $25 of inventory to a supplier under the perpetual inventory system is recorded with a debit to _____.

a. accounts payable and a credit to purchase discounts

b. purchase returns and allowances and a credit to accounts payable

c. accounts payable and a credit to inventory

d. inventory and a credit to accounts payable

Reference no: EM131211336

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