159. The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be A) Accounts Payable Purchase Returns and Allowances B) Purchase Returns and Allowances Accounts Payable C) Accounts Payable Inventory D) Inventory Accounts Payable

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The Answer of 159. The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be A) Accounts Payable Purchase Returns and Allowances B) Purchase Returns and Allowances Accounts Payable C) Accounts Payable Inventory D) Inventory Accounts Payable