A Merchandiser Returned Inventory Worth $2,000 That Was Purchased on Account.Under

question 150

Multiple Choice

A merchandiser returned inventory worth $2,000 that was purchased on account.Under the periodic inventory system,the journal entry to record the return would include ________.

• A)a debit to Purchase Returns and Allowances for $2,000 and a credit to Accounts Payable for $2,000
• B)a debit to Accounts Payable for $2,000 and a $2,000 credit to Purchase Returns and Allowances
• C)a debit to Purchases for $2,000 and a credit to Accounts Payable for $2,000
• D)a debit to Accounts Payable for $2,000 and a credit to Purchases for $2,000

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Definitions:

Fast-Mapping

is a cognitive process by which children rapidly connect new words with their meanings after minimal exposure, contributing to rapid vocabulary expansion.

Lexical Addition

The process by which new words are added to a language’s vocabulary, often reflecting social and technological changes.

Categorical Embellishment

An enhancement or ornamentation organized into distinct categories for clarity or emphasis; however, if referring to a recognized academic or technical term, it's not well-established.

Vocabulary Expansion

The process of learning and acquiring new words and phrases to increase the depth and breadth of one's language ability.