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:

Punctuated Correctly

The practice of correctly using punctuation marks in writing to clarify meaning.

Conjunctions

Words used to connect clauses or sentences or to coordinate words in the same clause, such as "and," "but," and "or."

Conjunctive Adverbs

Adverbs that function to connect two independent clauses, providing a transition that indicates a relationship between them, such as contrast or cause and effect.

Punctuated Correctly

Phrasing that has been correctly marked with commas, periods, and other punctuation marks to clarify meaning and enhance readability.