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If an inventory item purchased on account at an earlier time is now being returned. None of the goods have been paid yet, the accounting
If an inventory item purchased on account at an earlier time is now being returned. None of the goods have been paid yet, the accounting entry will be Select one: O A. Dr. Accounts Payable and Cr. Inventory OB. Dr. Inventory and Cr. Accounts Payable OC Dr. Cash and Cr. Purchases OD. Dr. Purchases Returns and Cr. Cost of Goods Sold
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