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QUESTION $19$

Returned merchandise for credit under the perpetual inventory method. This will be recorded with: a debit to Accounts Payable and a credit to Purchases Returns and Allowances.

a credit to Accounts Payable and a debit to Merchandise Inventory.

a debit to Accounts Payable and a credit to Merchandise Inventory.

a debit to Purchase Returns and NJowances and a credit to Merchandise Inventory.