The Entry to Record Returned Merchandise to Vans Company Is

question 38

Multiple Choice

The entry to record returned merchandise to Vans Company is:

• A)debit Purchases Returns and Allowances; credit Accounts Payable in the general ledger.
• B)debit Accounts Payable; credit Purchases.
• C)debit Accounts Payable/Vans Company in the accounts payable subsidiary ledger and debit Accounts Payable in the general ledger; credit Purchases Returns and Allowances.
• D)debit Purchases; credit Accounts Payable.

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