When Merchandise That Was Sold on Account Is Returned,which Accounts

question 102

Multiple Choice

When merchandise that was sold on account is returned,which accounts are affected?

• A)Cash,accounts receivable,cost of goods sold,and sales returns
• B)Sales returns,accounts receivable,merchandise inventory,and cost of goods sold
• C)Sales returns,accounts receivable,purchases,and cost of goods sold
• D)Sales returns,accounts receivable,purchases,and merchandise inventory

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