A Merchandiser Returned Inventory Worth $1,900 That Was Purchased on Account.In

question 175

Multiple Choice

A merchandiser returned inventory worth $1,900 that was purchased on account.In a periodic inventory system,the journal entry to record the return would include ________.

• A) a debit to Purchase Returns and Allowances for $1,900 and a credit to Accounts Payable for $1,900
• B) a debit to Accounts Payable for $1,900 and a $1,900 credit to Purchase Returns and Allowances
• C) a debit to Purchases for $1,900 and a credit to Accounts Payable for $1,900
• D) a debit to Accounts Payable for $1,900 and a credit to Purchases for $1,900

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Definitions:

Phi Phenomenon

The phi phenomenon is a visual illusion in which stationary objects shown in rapid succession, such as a string of lights, appear to be moving.

Stroboscopic Motion

An optical illusion where continuous motion is represented by a series of short or instantaneous samples, as seen in motion pictures.

Autokinetic Illusion

A visual phenomenon where a stationary small point of light in a dark environment appears to move because of involuntary eye movements.

Perceptual Illusion

A misinterpretation of a real external stimulus, illustrating how perceptions can differ from reality.