C. Fong returned$200 of merchandise within the discount period. The entry to record the return is<\/p>
<\/p>
A.<\/strong><\/p> debit to Inventory for$200, credit Cost of Goods Sold for$200.<\/p> B.<\/strong><\/p> debit to Accounts Payable for$200, credit Inventory for$200.<\/p> C.<\/strong><\/p> debit to Accounts Payable for$200, credit Cash for$200.<\/p> D.<\/strong><\/p> debit to Inventory for$200, credit Accounts Payable for$200.<\/p>",
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"related_book": {
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"isbn": "1305968352, 978-1337635653, 978-1305968356",
"edition": "6th edition",
"authors": "J. Chris Leach, Ronald W. Melicher",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg",
"uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482",
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"question_posted": "2024-06-28 05:31:06",
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