The return of merchandise to the supplier for credit using the perpetual inventory system would include a: A. debit to Accounts Payable and a credit to Merchandise Inventory. B. debit to Accounts Receivable and a credit to Accounts Payable. C. debit to Sales Returns and Allowances and a credit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Purchases Returns and Allowances

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Business

Amira Juarez

7 June, 01:24

The return of merchandise to the supplier for credit using the perpetual inventory system would include a: A. debit to Accounts Payable and a credit to Merchandise Inventory. B. debit to Accounts Receivable and a credit to Accounts Payable. C. debit to Sales Returns and Allowances and a credit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Purchases Returns and Allowances

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Carter Ray · Answer 1

The return of merchandise to the supplier for credit using the perpetual inventory system would include a : debit to Accounts Payable and a credit to Merchandise Inventory - A.

Jamiya · Answer 2

The return of merchandise to the supplier for credit using the perpetual inventory system would include a debit to Accounts Payable and a credit to Merchandise Inventory.