Question 30 Not yet The CQ Company uses the perpetual method for inventory. All sales and purchases are on credit. How does CQ account for a return of merchandise to a vendor? answered Points out of 3.00 P Flag question Select one: a. Debit Purchase Returns, Credit Accounts Payable b. Debit Accounts Payable, Credit Purchase Returns c. Debit Cost of Goods Sold, Credit Inventory d. Debit Inventory, Credit Accounts Payable o e. Debit Accounts Payable, Credit Inventory Question 31 Given the following information for an inventory item of the Scottsdale Corporation: Not yet answered Points out of 3.00 P Flag question Cost $102 Replacement Cost $103 Estimated Sales Price $133 Normal Profit $6 Cost of Completion $13 Using the LCNRV Rule, the proper inventory amount for the balance sheet is: Select one: a. $103 b. $102 c. $130 d. $124 10n