The journal entry to record a return of merchandise purchased on account under a periodic inventory...

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The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be Purchase Returns and Allowances Accounts Payable Inventory Accounts Payable Accounts Payable Inventory Accounts Payable Purchase Returns and Allowances The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be Purchase Returns and Allowances Accounts Payable Inventory Accounts Payable Accounts Payable Inventory Accounts Payable Purchase Returns and Allowances

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