When a Debit Memorandum for Returned Merchandise for Moore Co

question 12

Multiple Choice

When a debit memorandum for returned merchandise for Moore Co. is recorded, the entry is

• A) debit Accounts Payable, credit Purchases.
• B) debit Purchases Returns and Allowances, credit Accounts Payable in the general ledger.
• C) debit Accounts Payable Moore Co. in the accounts payable subsidiary ledger, debit Accounts Payable in the general ledger, credit Purchases Returns and Allowances.
• D) debit Purchases, credit Accounts Payable.

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