A Merchandiser Returned Inventory Worth $1,400 That Was Purchased on Account.Under

question 172

Multiple Choice

A merchandiser returned inventory worth $1,400 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 $1,400 and a credit to Accounts Payable for $1,400
• B)a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns and Allowances
• C)a debit to Purchases for $1,400 and a credit to Accounts Payable for $1,400
• D)a debit to Accounts Payable for $1,400 and a credit to Purchases for $1,400

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Definitions:

Subscripts

Indexes used to access elements within an array.

Array Processing

Operations or techniques applied to arrays for manipulating, analyzing, or transforming the data they contain.

Pointers

Variables in programming that store the memory address of another variable, allowing direct access and manipulation of its value.

Pointers

Variables that store the memory address of another variable.