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Audio Wholesalers Ltd. recently returned 200 clock radios to its supplier because they were defective. The company uses a perpetual inventory system and has not
Audio Wholesalers Ltd. recently returned 200 clock radios to its supplier because they were defective. The company uses a perpetual inventory system and has not yet paid for the merchandise. Which of the following journal entries would have to be made to record the return of the merchandise correctly?? a debit to Accounts Payable and a credit to Inventory a debit to Accounts Payable and a credit to Cash a debit to Inventory and
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