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Splish Brothers Inc. returned $320 of goods originally purchased on credit from Bramble Industries. Using the periodic Inventory approach, Splish would record this transaction as:

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Splish Brothers Inc. returned $320 of goods originally purchased on credit from Bramble Industries. Using the periodic Inventory approach, Splish would record this transaction as: 320 Inventory Accounts Payable 320 320 Accounts Payable Inventory 320 320 Purchase Returns and Allowances Accounts Payable 320 320 Accounts Payable Purchases Returns and Allowances 320

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