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Fast2F Fast2F
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Returned merchandise under the periodic inventory method. This will be recorded with:
A) a debit to Accounts Payable and a credit to Purchases Returns and Allowances.
B) a credit to Accounts Payable and a debit to Merchandise Inventory.
C) a debit to Accounts Payable and a credit to Merchandise Inventory.
D) a debit to Merchandise Inventory and a credit to Cash.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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Fast2F Author
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#2
6 years ago
Correcttttt
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