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What is the correct journal entry

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Question - When shipping back inventory (that was purchased on account) from a supplier, what is the correct journal entry? (Assume the periodic inventory system is used).

a. Cr Inventory, DrAccounts Payable

b. DrAccounts Payable, Cr Purchase Returns and Allowances

c. DrInventory, Cr Cost of Goods Sold

d. DrInventory, Cr Accounts Payable

Reference no: EM131696037

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