The entry to record a return of merchandise purchased on credit includes. a). A debit...
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Accounting
The entry to record a return of merchandise purchased on credit includes.
a). A debit to Purchases Returns and Allowances and a credit to Accounts Payable.
b) A debit to Accounts Payable and a credit to Purchases Returns and Allowances.
c). A debit to Purchases and a credit to Accounts Payable.
d). A debit to Accounts Payable and a credit to Purchases.
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