A company returned goods for credit to the supplier. Which one of the following is a portion of the journal entry required if a perpetual inventory system is used? O Increase Accounts Receivable O Increase Accounts Payable O Decrease Inventory Decrease Purchase Returns and Allowances

A company returned goods for credit to the supplier. Which one of the following is a portion of the journal entry required if a perpetual inventory system is used? Increase Accounts Receivable Increase Accounts Payable Decrease Inventory Decrease Purchase Returns and Allowances