Question: Multiple-Choice Exercise 6-4 (Algorithmic) Which of the following transactions would not result in an adjustment to the inventory account under a perpetual inventory system? a.Sale

Multiple-Choice Exercise 6-4 (Algorithmic)

Which of the following transactions would not result in an adjustment to the inventory account under a perpetual inventory system?

a.Sale of merchandise on credit

b.Return of merchandise by a customer

c.Receipt of payment from a customer within the discount period

d.Seller returns merchandise previously purchased from a supplier

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