Multiple Choice
C. Fong returned $200 of merchandise within the discount period. The entry to record the return is
A) debit to Inventory for $200, credit Accounts Payable for $200.
B) debit to Inventory for $200, credit Cost of Goods Sold for $200.
C) debit to Accounts Payable for $200, credit Inventory for $200.
D) debit to Accounts Payable for $200, credit Cash for $200.
Correct Answer:

Verified
Correct Answer:
Verified
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