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An inventory Item that was purchased for $100.00 on account was returned to the vendor (wholesaler). How do you record the transaction? Debit Credit A.

An inventory Item that was purchased for $100.00 on account was returned to the vendor (wholesaler). How do you record the transaction?

Debit

Credit

A. Merchandise Inventory

$100.00

Accounts Payable

$100.00

B. Office Supplies

$100.00

Merchandise Inventory

$100.00

C. Accounts Payable

$100.00

Merchandise Inventory

$100.00

D. Merchandise Inventory

$100.00

Office Supplies

$100.00

A
B
D
C

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