Question

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.

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