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Question content area top Part 1 Under the perpetual inventory...

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Question

Accounting

Question content area top
Part 1
Under the perpetual inventory system, when a wholesaler returns goods purchased on account, the________ account is credited.
Question content area bottom
Part 1
A.
Cost of Goods Sold
B.
Accounts Receivable
C.
Merchandise Inventory
D.
Accounts Payable

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