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A company using a perpetual inventory system that returns goods purchased on credit and not yet paid for would: a) decrease Accounts Payable and decrease

A company using a perpetual inventory system that returns goods purchased on credit and not yet paid for would:

a)

decrease Accounts Payable and decrease Inventory.

b)

increase Cash and decrease Accounts Receivable.

c)

decrease Sales Revenue and increase Accounts Payable.

d)

decrease Accounts Payable and increase Purchase Returns.

e)

increase Sales Returns and decrease Accounts Receivable.

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