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13) A company that uses a perpetual inventory system purchased inventory on account and later returned goods worth $200 to the vendor. The journal
13) A company that uses a perpetual inventory system purchased inventory on account and later returned goods worth $200 to the vendor. The journal entry to record these returns would be: A) Purchase Returns Accounts payable 200 200 B) Accounts Payable 200 Purchase Returns 200 C) Merchandise Inventory 200 Accounts Payable 200 D) Accounts Payable 200 Merchandise Inventory 200
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