Merchandise Purchased by Dawes Pty Ltd on Credit for $1500 $\quad$

Short Answer

Merchandise purchased by Dawes Pty Ltd on credit for $1500 was returned,as it had been damaged in transit.The transaction would be recorded by Dawes Pty Ltd as:
A. DR Inventory $\quad$ CR Accounts payable

B. DR Accounts payable $\quad$ CR Inventory

C. DR Cost of goods sold $\quad$ CR Inventory

D. DR Accounts payable $\quad$ CR Cost of goods sold