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A Merchandiser Returned Inventory Worth $1,900 That Was Purchased on Account.In

Question 245

Multiple Choice

A merchandiser returned inventory worth $1,900 that was purchased on account.In a periodic inventory system,the journal entry to record the return would include ________.


A) a debit to Purchase Returns and Allowances for $1,900 and a credit to Accounts Payable for $1,900
B) a debit to Accounts Payable for $1,900 and a $1,900 credit to Purchase Returns and Allowances
C) a debit to Purchases for $1,900 and a credit to Accounts Payable for $1,900
D) a debit to Accounts Payable for $1,900 and a credit to Purchases for $1,900

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