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Using a perpetual inventory system, the sellers journal entry to record the return, by the buyer, of merchandise purchased on account includes a: Select one:
Using a perpetual inventory system, the sellers journal entry to record the return, by the buyer, of merchandise purchased on account includes a:
Select one:
a. Credit to Purchases Returns
b. Debit to Sales Returns and Allowances
c. Debit to Accounts Receivable
d. Debit to Cost of Goods Sold
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