Attachment 875
Do I make a return on this in the general journal? Like debit account payable and credit merchandise inventory? :confused:
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Attachment 875
Do I make a return on this in the general journal? Like debit account payable and credit merchandise inventory? :confused:
Yeah.
Since you are returning the inventory.
Another option would be to credit Purchase Returns and Allowances, if you have such an account.
Debit AP
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