Solution-What journal entry to record a return of

What journal entry to record a return of merchandise

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Reference no: EM132761845

Problem 1: The journal entry to record a return of merchandise purchased on account under a PERIODIC inventory system would be

Select one:

a. Debit Sales Returns and Allowances, credit Accounts Receivable

b. Debit Purchases Returns and Allowances, credit Accounts Payable

c. Debit Accounts Payable, credit Purchase Returns and Allowances

d. Debit Inventory, credit Accounts Payable

e. Debit Accounts Payable, credit Inventory

Reference no: EM132761845

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What journal entry to record a return of merchandise

Reference no: EM132761845

Reference no: EM132761845

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