When a buyer returns merchandise purchased for cash, the buyer will record the transaction as: a. a

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When a buyer returns merchandise purchased for cash, the buyer will record the transaction as:

a. a debit to Merchandise Inventory

b. a debit to Cash

c. a credit to Sales debit to Cash

d. a credit to Merchandise Inventory debit to Sales

e. a credit to Accounts Payable

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: Dec 13, 2022 04:40 AM

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When a buyer returns merchandise purchased for cash, the buyer will record the transaction as: a. a

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