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Tim returned $600 of merchandise, purchased on account, before he paid for the merchandise. Tim uses the perpetual inventory system. The entry to record the
Tim returned $600 of merchandise, purchased on account, before he paid for the merchandise. Tim uses the perpetual inventory system. The entry to record the return is to: Question content area bottom Part 1 A. debit Merchandise Inventory for $600; credit Sales for $600. B. debit Merchandise Inventory for $600; credit Accounts Payable for $600. C. debit to Accounts Payable for $600; credit Sales for $600. D. debit Accounts Payable for $600; credit Merchandise Inventory for $600
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