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harra harra
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6 years ago
Under a perpetual inventory system, the entry to record the return of inventory sold on account for $360 with a cost of $210 would be recorded by the seller as a:
A) credit to Accounts Receivable for $210.
B) credit to Sales Returns and Allowances for $210.
C) debit to Sales Revenue for $360.
D) debit to Inventory for $210.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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