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When Merchandise Previously Sold Is Returned for Credit, the Journal

Question 87

Multiple Choice

When merchandise previously sold is returned for credit, the journal entry is


A) debit Sales; credit Accounts Receivable.
B) debit Sales Returns and Allowances; credit Accounts Payable.
C) debit Accounts Receivable; credit Sales Returns and Allowances.
D) debit Sales Returns and Allowances; credit Accounts Receivable.
E) debit Accounts Receivable; credit Purchases Discounts.

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