Question: Using a perpetual inventory system, the seller's journal entry to record the return, by the buyer, of merchandise purchased on account includes a: Select one

Using a perpetual inventory system, the seller's journal entry to record the return, by the buyer, of merchandise purchased on account includes a: Select one

A. Debit to Cost of Goods Sold

B. Debit to Sales and Allowances O

C. Credit to Purchase Returns

D. Debit to Accounts Receivable

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