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QUESTION 12 The entity uses the perpetual inventory system. If the entity returned credit purchases to the suppliers, the bookkeeper will account for: The cost

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QUESTION 12 The entity uses the perpetual inventory system. If the entity returned credit purchases to the suppliers, the bookkeeper will account for: The cost price of the purchases returned in the purchases account. The selling price of the purchases returned in the Inventory account. The cost price of the purchases returned in the Purchases returns account. The cost price of the purchases returned in the Inventory account

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