A company that uses a perpetual inventory system purchased inventory on account and later returned goods worth

$ 800

to the vendor. Which of the following would be the correct journal entry to record these returns?

A.

Merchandise Inventory

800

Accounts Payable		800

B.

Accounts Payable

800

Merchandise Inventory		800

C.

Accounts Payable

800

Purchase Returns		800

D.

Purchase Returns

800

Accounts Payable