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:

Formal Group

A group formed by an organization to perform specific tasks or achieve specific objectives, with clearly defined roles and structures.

Cohesive Group

A group characterized by strong bonds and unity among its members, who work effectively together towards common goals.

"We"

A pronoun used to denote a collective group that the speaker is a part of, emphasizing collaboration and inclusivity.

Workplace Behavior

The actions and interactions of individuals within an organizational environment.