Returned Merchandise Under the Periodic Inventory Method

question 110

Multiple Choice

Returned merchandise under the periodic inventory method.This will be recorded with:

• A)a debit to Accounts Payable and a credit to Purchases Returns and Allowances.
• B)a debit to Merchandise Inventory and a credit to Purchases.
• C)a credit to Accounts Payable and a debit to Merchandise Inventory.
• D)a debit to Accounts Payable and a credit to Merchandise Inventory.

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Definitions:

Brain Chemistry

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Theoretical Perspectives

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Sociohistorical Contexts

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