Using a perpetual inventory system, the seller’s journal entry to record the return, by the buyer, of merchandise purchased on account includes select one:
a. debit to sales returns and allowances.
b. debit to accounts receivable.
c. credit to purchases returns.
d. debit to cost of goods sold.

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit