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The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be a. Debit -accounts payable Credit -

The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be

a. Debit -accounts payable Credit - purchase return and allowances

b. Debit - purchases returns and allowances Credit - Accounts payable

c. Debit - accounts payable Credit - merchandise inventory

d. Debit - Merchandise inventory Credit - accounts payable

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