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12 August, 01:25

If merchandise was returned 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. debit to Merchandise Inventory and a credit to Purchases. C. credit to Accounts Payable and a debit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Merchandise Inventory.

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Answers (2)
  1. 12 August, 01:30
    0
    The answer would be a.
  2. 12 August, 01:46
    0
    The answer to your question is letter A. Debit to Accounts Payable and a Credit to Purchases Returns and Allowances.
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Home » Business » If merchandise was returned 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. debit to Merchandise Inventory and a credit to Purchases. C.
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