Multiple Choice
A merchandiser returned inventory worth $1,900 that was purchased on account.In a periodic inventory system,the journal entry to record the return would include ________.
A) a debit to Purchase Returns and Allowances for $1,900 and a credit to Accounts Payable for $1,900
B) a debit to Accounts Payable for $1,900 and a $1,900 credit to Purchase Returns and Allowances
C) a debit to Purchases for $1,900 and a credit to Accounts Payable for $1,900
D) a debit to Accounts Payable for $1,900 and a credit to Purchases for $1,900
Correct Answer:

Verified
Correct Answer:
Verified
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