A Company That Uses a Perpetual Inventory System Purchased Inventory $$\begin{array} { | c | r | r | } \hline \text { Purchase Returns } & 200 & \\\hline \text { Accounts payable } & & 200 \\\hline\end{array}$$

question 50

Multiple Choice

A company that uses a perpetual inventory system purchased inventory on account and later returned goods worth $200 to the vendor. The journal entry to record these returns would be:

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Purchase Returns } & 200 & \\
• \hline \text { Accounts payable } & & 200 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 200 & \\
• \hline \text { Purchase Returns } & & 200 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Merchandise Inventory } & 200 & \\
• \hline \text { Accounts Payable } & & 200 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \text { Accounts Payable } & 200 & \\
• \hline \text { Merchandise Inventory } & & 200 \\
• \hline
• \end{array}\]

---

Definitions:

Job Satisfaction

A person's overall sense of fulfillment, contentment, and satisfaction in their job.

Full-Scale Burnout Phase

A critical stage in burnout characterized by overwhelming exhaustion, cynicism, and a sense of ineffectiveness, often resulting from prolonged stress.

Honeymoon Phase

A period at the beginning of a relationship where everything seems perfect and conflicts are minimal.

Phoenix Phenomenon

A metaphorical expression describing the process of emerging stronger or rejuvenated from the ashes of defeat or destruction.