Under a Perpetual Inventory System, the Entries to Record a $2,600

question 24

Multiple Choice

Under a perpetual inventory system, the entries to record a $2,600 sales return of undamaged goods for a sale originally made on account, when the merchandise had a cost of $1,200, include a:

• A)debit to Inventory of $1,200.
• B)debit to Sales Returns and Allowances of $1,200.
• C)credit to Cost of Goods Sold of $2,600.
• D)credit to Sales Returns and Allowances of $1,200.

---

Definitions:

Operant Conditioning

Operant conditioning is a learning process whereby behavior is strengthened or weakened by reinforcement or punishment.

Classical Conditioning

A training approach characterized by making associations between a stimulus in the environment and one that occurs naturally, causing a conditioned behavior.

Social Setting

The physical and social context in which people live or in which something happens or develops.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus following an undesired behavior to decrease the likelihood of the behavior’s occurrence.