If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a

Question

3 years ago

12

If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a

credit to Purchases Returns and Allowances. B. debit to Merchandise Inventory and a credit to Purchases. C. credit to Accounts Payable and a debit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Merchandise Inventory.

Business

2 answers:

andrew11 [14] · Answer 1 · 2021-11-17T19:22:39+03:00

andrew11 [14]3 years ago

4 0

The answer to your question is letter A. Debit to Accounts Payable and a Credit to Purchases Returns and Allowances.

Nonamiya [84] · Answer 2 · 2021-11-17T16:56:46+03:00

Nonamiya [84]3 years ago

3 0

The answer would be a.