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A Sales Return in a Perpetual Inventory System Requires a

Question 107

Multiple Choice

A sales return in a perpetual inventory system requires a


A) debit to Merchandise Inventory and a credit to Accounts Payable.
B) debit to Cost of Goods Sold and a credit to Merchandise Inventory.
C) debit to Sales Revenue and a credit to Merchandise Inventory.
D) debit to Sales Returns and Allowances and a credit to Accounts Receivable.

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