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Yellow Company had the following transactions and uses a perpetual inventory system: March 1st: Bought $4,200 worth of inventory from Brown Corp on account March
Yellow Company had the following transactions and uses a perpetual inventory system: March 1st: Bought $4,200 worth of inventory from Brown Corp on account March 5th Successfully returned $400 worth of product to Brown Corp March 25th Paid Brown Company in full What is the journal entry on March 25th that Yellow Corp would record: O A Account Payable Sales Discount Cash $4,200 $400 $3,800 OB. Cash Accounts Payable $4,200 $4,200 OC Inventory Sales Returns Cash $4,200 $400 $3,800 OD. Accounts Payable Cash $3,800 $3,800
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