Business, 08.10.2019 18:30, rebecca7415
Jones co. returned merchandise purchased from smith co. the journal entry to record the return of merchandise by jones, under a perpetual inventory system, would be
debit accounts payable—jones, credit merchandise inventory.
debit accounts receivable—jones, credit merchandise inventory.
debit sales returns and allowances, credit merchandise inventory. none of these choices are correct. a
Answers: 1
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Jones co. returned merchandise purchased from smith co. the journal entry to record the return of me...
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