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A Company That Uses a Perpetual Inventory System Purchased Inventory  Purchase Returns 100 Accounts Payable 100\begin{array} { | c | r | r | } \hline \text { Purchase Returns } & 100 & \\\hline \text { Accounts Payable } & & 100 \\\hline\end{array}

question 256

Multiple Choice

A company that uses a perpetual inventory system purchased inventory on account and later returned goods worth $100 to the vendor. Which of the following would be the correct journal entry to record these returns?


Definitions:

"You" Attitude

A communication perspective that focuses on and prioritizes the audience’s interests, needs, and preferences.

Poorly Written

Describes a piece of writing that lacks clarity, coherence, grammar, or proper structure, making it difficult to understand.

Professional

Pertaining to someone who engages in a particular occupation for pay or as a means of livelihood; exhibits qualities that are characteristic of a profession.

Positive Emphasis

The act of focusing on the positive aspects of a situation or piece of information, often to encourage or motivate.

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