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Retuned merchandise paid for within the discount period for cash. The perpetual inventory system is in use. This will be recorded with a debit to

Retuned merchandise paid for within the discount period for cash. The perpetual inventory system is in use. This will be recorded with a debit to
A liability and a credit to an asset
B asset and a credit to an asset
C expense and a credit to a liability
D expense and a credit to an asset

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