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

Using a perpetual inventory system, the sellers journal entry to record the return, by the buyer, of merchandise purchased on account includes a:

Select one:

a. Credit to Purchases Returns

b. Debit to Sales Returns and Allowances

c. Debit to Accounts Receivable

d. Debit to Cost of Goods Sold

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