The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit
A) Accounts Payable.
B) Purchase Returns and Allowances.
C) Sales.
D) Merchandise Inventory.

Question

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The Answer of The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit
A) Accounts Payable.
B) Purchase Returns and Allowances.
C) Sales.
D) Merchandise Inventory.

The Journal Entry to Record a Return of Merchandise Purchased