In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting
a. Accounts Payable and Cash.
b. Merchandise Inventory and Cost of Goods Sold
c. Purchases Returns and Allowances and Merchandise Inventory.
d. .Cash and Cost of Goods Sold.
a. Accounts Payable and Cash.
b. Merchandise Inventory and Cost of Goods Sold
c. Purchases Returns and Allowances and Merchandise Inventory.
d. .Cash and Cost of Goods Sold.