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Salieri Company purchased 7070 keyboards on account for $ 15$15 each from Amadeus, Inc. When they unpacked the keyboards, Salieri found that 2020 of the
Salieri Company purchased
7070
keyboards on account for
$ 15$15
each from Amadeus, Inc. When they unpacked the keyboards, Salieri found that
2020
of the keyboards were damaged in shipping. What is the journal entry that Salieri will make to record the purchase return?
A.Debit Accounts Payable
minus
Amadeus and credit Inventory,
$ 300$300.
B.Debit Purchase Returns and credit Inventory,
$ 1 comma 050$1,050.
C.Debit Purchase Returns and credit Inventory,
$ 300$300.
D.Debit Accounts Payable
minus
Amadeus and credit Inventory,
$ 1 comma 050$1,050.
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