Question: Multiple Select Question Select all that apply Dogs RUS uses the perpetual inventory system to account for its merchandise. A customer returned merchandise. Assuming that
Multiple Select Question Select all that apply Dogs RUS uses the perpetual inventory system to account for its merchandise. A customer returned merchandise. Assuming that the purchase was originally bought on credit for $400 with a cost to Dogs RUS of $100, demonstrate required journal entry of Dogs R US to record the return by selecting af of the correct actions below. (Check all that apply.) Debit Sales Returns and Allowances $400. O Credit Cash $400. Debit Accounts Payable $400, Debit Merchandise Inventory $100 D Debit Cost of Goods Sold $100 Credit Merchandise Inventory $100 O Credit Cost of Goods Sold $100 O Credit Accounts Receivable $400. Credit Sales Returns and Allowances $400
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