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The CQ Company uses the perpetual method for inventory. All sales and purchases are on credit. The CQ accounting for a customer return of merchandise
The CQ Company uses the perpetual method for inventory. All sales and purchases are on credit. The CQ accounting for a customer return of merchandise would include: Select one: a. Debit Purchase Return, Credit Accounts Receivable b. Debit Inventory, Credit Cost of Goods Sold C. Debit Cost of Goods Sold, Credit Inventory d. Debit Accounts Payable, Credit Inventory e. Debit Inventory, Credit Purchase Return
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