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Returned merchandise paid for within the discount period for cash. The perpetual inventory system in use. This would be recorded with a debit to a(n):

Returned merchandise paid for within the discount period for cash. The perpetual inventory system in use. This would be recorded with a debit to a(n):

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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