Question: Blue Spruce Corp. returned $300 of goods originally purchased on credit from Ayayai Industries. Using the periodic Inventory approach, Blue would record this transaction as:

Blue Spruce Corp. returned $300 of goods originally purchased on credit from Ayayai Industries. Using the periodic Inventory approach, Blue would record this transaction as: 300 Accounts Payable Purchases Returns and Allowances 300 300 Inventory Accounts Payable 300 300 Accounts Payable Inventory 300 300 Purchase Returns and Allowances Accounts Payable 300

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