If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a credit to Purchases Returns and Allowances. B. debit to Merchandise Inventory and a credit to Purchases. C. credit to Accounts Payable and a debit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Merchandise Inventory.

Question

Mariana Rosales

5 March, 19:42

+4

Answers (2)

Know the Answer?

Abagail Moran · Answer 1

The answer would be a.

Theresa Travis · Answer 2

The answer to your question is letter A. Debit to Accounts Payable and a Credit to Purchases Returns and Allowances.