Using a periodic inventory system, the buyer's journal entry to record the return of merchandise purchased on account includes a:

Name: Using a periodic inventory system, the buyer's journal entry to record the return of merchandise purchased on account includes a:
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Under a periodic inventory system, when a buyer returns merchandise to the seller, the following entry is made by the buyer:
Accounts payable XXX
$\quad $ $\quad $ $\quad $ $\quad $ Purchase returns XXX

Using a Periodic Inventory System, the Buyer's Journal Entry to Record