( Sold merchandise on account would be recorded using: a. a debit to an asset account. b. a debit to a liability account. c. a debit to an owner's equity account. d. None of these are correct. Collected from a charge customer: This will be recorded with: a. a credit to an asset account. b. a credit to a liability account. c. a credit to an owner's equity account. d. None of these are correct. C Accepted merchandise returned for credit. This will be recorded with: a. a debit to an asset account. b. a debit to a liability account. c. a credit to an asset account. d. None of these are correct. d. A wholesale customer returned merchandise for credit having paid for it within the cash discount period. This will be recorded with: a. a credit to an asset account. b. a credit to a liability account. c. a credit to an owner's equity account. d. None of these are correct. e A form completed at the time the shipment arrives is the: a) purchase invoice b) sales invoice c) purchase order d) receiving report