94) Supplies bought on account were returned for credit and recorded with a debit to...
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Accounting
94) Supplies bought on account were returned for credit and recorded with a debit to Accounts Payable and a credit to Merchandise Inventory. This error would casue:
a) the period's net income to be understated
b) the period end cost of goods sold to be understated
c) the period end cost of goods sold to be overstated
d) None of these are correct
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