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Tyler Returned $400 of Merchandise Within the Discount Period

Question 10

Multiple Choice

Tyler returned $400 of merchandise within the discount period. The entry to record the return is to


A) debit Inventory for $400; credit Accounts Payable/Suppliers Name for $400.
B) debit Inventory for $400; credit Cash for $400.
C) debit to Accounts Payable/Suppliers Name for $400; credit Inventory for $400.
D) debit to Accounts Payable/Suppliers Name for $400, credit Cash for $400.

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