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Tim returned $500 of merchandise within the discount period. The entry to record the return is to: O A. debit Accounts Payable for $500; credit
Tim returned $500 of merchandise within the discount period. The entry to record the return is to: O A. debit Accounts Payable for $500; credit Merchandise Inventory for $500. OB. debit Merchandise Inventory for $500; credit Accounts Payable for $500. O C. debit Merchandise Inventory for $500; credit Sales for $500. D. debit to Accounts Payable for $500; credit Sales for $500
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