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Business, 08.04.2020 01:49 syulerio8418

Bud Company records purchases at invoice price, using the periodic inventory system. On July 5, Bud returned $12,000 of goods purchased on account to the seller. How would Bud record this transfer? ? Accounts Payable OA. Purchases Returns and Allowances 12.000 12,000 12,000 Accounts Payable OB. Purchases B. Purch 12,000 12,000 Accounts Receivable OC. Purchases Returns and Allowances 12,000 Cash 12,000 OD Purchases Returns and Allowances 12,000Accounts Payable A. Purchases Returns and Allowances 12.000 12,000 12,000 B. Purchases B. Purch 12,000 12,000 Accounts Receivable C. Purchases Returns and Allowances 12,000 Cash 12,000 D Purchases Returns and Allowances 12,000

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Bud Company records purchases at invoice price, using the periodic inventory system. On July 5, Bud...
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