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A company uses a perpetual inventory system. How should the company record the return of inventory previously purchased on account for $2007 Event Account Title
A company uses a perpetual inventory system. How should the company record the return of inventory previously purchased on account for $2007 Event Account Title Debit Credit 1. Inventory 200 Accounts Payable 208 2. Accounts Payable 200 Inventory 2680 3. Purchase Returns 200 Accounts Payable 266 4. Accounts Payable 200 Purchase Returns 208
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