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Wexim Toys purchased merchandise from a supplier on credit, terms 1/10, 1/30 for $13,300. Three days later, the company returned $3,100 of the merchandise. When
Wexim Toys purchased merchandise from a supplier on credit, terms 1/10, 1/30 for $13,300. Three days later, the company returned $3,100 of the merchandise. When recording the return transaction, the company would record: Multiple Choice 0 Debit Cash $3,100 and credit Inventory $3.100 in the general journal ) $3,100 in the Cash 0 c olumn and $3,100 in the Inventory Cr column in the cash disbursements journal C) 0 $3.100 in the Accounts Payable Decolumn and $3100 in the Cash Ct column of the cash disbursements journal $3100 in the Accounts Payable column and $3100 in the inventory Dr. column of the purchases journal 0 0 Debit Accounts Payable $3.100 and credit inventory $3.100 in the general journal
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