Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise-Cost of goods retumed, $330. Date empts Accounts Debit Credit Nov. 17 1 of 1 1 of 1 complete Accounts Payable-Rainer Corporation Accounts Payable-Swift Corporation Accounts Payable-Venice Company Nov. 18: Purchas Accounts Receivable-Cabot Company Date Accounts Receivable-Graceland Corporation 0 of 1 ration Payment terms were 2/10, 1/30, FOB destination Debit Credit 0 of 1 Cash Nov. 18 Cost of Goods Sold Delivery Expense Estimated Returns Inventory Freight in Merchandise Inventory Choose from any Purchase Discounts Purchase Returns and Allowances Done Sample Tests and Quirzes on continue to the next question Arreman A dtv 9 24 :* - se GO Pa & o A 9 8 $ # % 5 6 4 2 3 0 U Y T E R