21) Kasper Shack, Inc. acquired merchandise inventory for $1,300 cash on January 12th. On January 21st, it noticed that the wrong merchandise had been shipped and returned it to the supplier for a cash refund. Which of the following is the journal entry that would be required for the return of the merchandise on January 21st?

A) Dr. Cr.

Cash 1,300

Merchandise Inventory 1,300

B) Dr. Cr.

Merchandise Inventory 1,300

Cash 1,300

C) Dr. Cr.

Accounts Payable 1,300

Merchandise Inventory 1,300

D) Dr. Cr.

Merchandise Inventory 1,300

Accounts Payable 1,300