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Multiple Choice Debit to Discounts Lost of $6 Debit to Purchases Returns and Allowances of $294 Credit to Purchases Returns and Allowances of $294 Debit to Accounts Payable of $300 None of the other alternatives are correct Which of the following accounts are increased by credits and decreased by debits? Muitipie Groice Retained Earnings Al owance for Doubtl Accounts A of the atematives are correct Purchase Returns 6 A ovances Accumitated Desieciation