The Entry to Record Returned Merchandise to Vine Company Is

question 35

Multiple Choice

The entry to record returned merchandise to Vine Company is:

• A) debit Merchandise Inventory; credit Accounts Receivable in the general ledger.
• B) debit Accounts Payable; credit Supplies.
• C) debit Accounts Payable/Vine Company in the accounts payable subsidiary ledger and debit Accounts Payable in the general ledger; credit Merchandise Inventory.
• D) debit Merchandise Inventory; credit Accounts Payable.

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