Davis Hardware Company Uses a Periodic Inventory System $$\begin{array} { l c } \text { Inventory } & 200 \\\text { Accounts Payable } & 200\end{array}$$

question 135

Multiple Choice

Davis Hardware Company uses a periodic inventory system. How should Davis record the return of inventory previously purchased on account for $200?

• A) \[\begin{array} { l c }
• \text { Inventory } & 200 \\
• \text { Accounts Payable } & 200
• \end{array}\]
• B) \(\begin{array} { l l } \text { Accounts Payable } & 200 \\
• \text{Inventory}&200
• \end{array}\)
• C) Purchase Returns \(\quad 200\)
• Accounts payable\(\quad 200\)
• D) Accounts Payable\(\quad 200\)
• Purchase Returns\(\quad 200\)

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Definitions:

Differentiated Self

A sense of self as including many fluctuating attributes.

Possible Self

The aspect of self-concept that involves individuals’ ideas of what they might become, what they would like to become, and what they fear becoming.

Self-Esteem

The subjective evaluation of one's own worth or value.

Stable Traits

Characteristics or attributes of an individual that are consistent over time and across situations.