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JP Supermarkets bought $2,840 worth of groceries on account from a produce supplier on November 7, 2019. On November 8, JP's bookkeeper was informed that

JP Supermarkets bought $2,840 worth of groceries on account from a produce supplier on November 7, 2019. On November 8, JP's bookkeeper was informed that $300 worth of tomatoes was substandard and returned to the supplier. Prepare the journal entry to record the purchase return using the perpetual inventory system.

Prepare the journal entry for JP Supermarkets on November 8.

Date Account Title and Explanation Debit Credit
2019
Nov 8 Answer
Answer
Record the purchase return

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