A company uses the perpetual inventory method. Which of the following entries would be made to...

 

Transcribed Image Text:

A company uses the perpetual inventory method. Which of the following entries would be made to record a return of $200 of merchandise inventory purchased on account? e A $200 debit to Accounts Receivable and a $200 credit to Merchandise Inventory. A $200 debit to Merchandise Inventory and a $200 credit to Accounts Payable. A $200 debit to Accounts Payable and a $200 credit to Merchandise Inventory. A $200 debit to Merchandise Inventory and a $200 credit to Accounts Receivable. A company uses the perpetual inventory method. Which of the following entries would be made to record a return of $200 of merchandise inventory purchased on account? e A $200 debit to Accounts Receivable and a $200 credit to Merchandise Inventory. A $200 debit to Merchandise Inventory and a $200 credit to Accounts Payable. A $200 debit to Accounts Payable and a $200 credit to Merchandise Inventory. A $200 debit to Merchandise Inventory and a $200 credit to Accounts Receivable.

Answer rating: 100% (QA)

Perpetual inventory Metthod Perpetual inventory an inventery manggement that secords when so... View the full answer