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A corporation uses the perpetual inventory system. On April 1, it purchased merchandise on account for $15,000 with terms 1/15, n/30. It returns merchandise with

A corporation uses the perpetual inventory system. On April 1, it purchased merchandise on account for $15,000 with terms 1/15, n/30. It returns merchandise with an invoice price of $1,000 to the seller on April 7. On April 10, it pays for the merchandise it retains. How would it record its return of merchandise on April 7?
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Debit accounts payable for $1,000; credit purchase returns and allowances for $1,000. Debit accounts payable for $1,000; credit inventory for $1,000. Debit accounts payable for $990; credit inventory for $990. Debit accounts payable for $990; credit purchase returns and allowances for $990. Debit purchase returns and allowances for $1,000; credit inventory for $1,000

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