A sales return in a perpetual inventory system requires a
A) debit to Merchandise Inventory and a credit to Accounts Payable.
B) debit to Cost of Goods Sold and a credit to Merchandise Inventory.
C) debit to Sales Revenue and a credit to Merchandise Inventory.
D) debit to Sales Returns and Allowances and a credit to Accounts Receivable.
Correct Answer:
Verified
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