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-   -   Credit Memo Question (https://www.askmehelpdesk.com/showthread.php?t=25317)

  • Apr 26, 2006, 09:14 PM
    babebutterfly
    1 Attachment(s)
    Credit Memo Question
    Attachment 875
    Do I make a return on this in the general journal? Like debit account payable and credit merchandise inventory? :confused:
  • Apr 27, 2006, 12:39 PM
    CaptainForest
    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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