B-Mart Has a Perpetual Inventory System

question 139

Multiple Choice

B-Mart has a perpetual inventory system.B-Mart sells $5,000 of blue jeans.The customer later brings $600 of blue jeans back to B-Mart because they are defective.Those blue jeans had a cost of $200.The customer agrees to keep the blue jeans and B-Mart agrees to a $200 allowance.Which of the following is one of the entries that B-Mart will use to record the return?

• A) Debit Accounts Receivable for $200 and credit Inventory for $200
• B) Debit Inventory for $200 and credit Accounts Receivable for $200
• C) Debit Accounts Receivable for $200 and credit Sales Returns & Allowances for $200
• D) Debit Sales Returns & Allowances for $200 and credit Accounts Receivable for $200

---

Definitions:

Internalization

The process of incorporating the values, attitudes, and norms of the surrounding culture into one's own belief system and behaviors.

Self-Regulation

An individual's ability to manage their emotions, behaviors, and thoughts in pursuit of long-term goals, often critical for personal and professional success.

Parental Methods

Strategies, practices, or techniques employed by parents in the upbringing, discipline, and guidance of their children.

Emotional Arousal

The state of being physiologically alert and mentally stimulated, often as a response to an emotion-evoking stimulus.