Business, 24.11.2021 15:40 nyceastcoast

Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned this merchandise due to a defect. Assuming that the purchase was originally bought on credit for $400 with a cost to Dogs R US of $100, and the defective, returned merchandise is only estimated to be worth $30, demonstrate the required journal entry to record the return and to write down the defective merchandise by selecting all of the correct actions below. a. Credit Cost of Goods Sold $100.
b. Debit Cost of Goods Sold $100.
c. Credit Merchandise Inventory $100.
d. Credit Cash $400.
e. Debit Merchandise Inventory $100.
f. Credit Sales Returns and Allowances $400.
g. Debit Accounts Payable $400.
h. Credit Accounts Receivable $400.
i. Debit Sales Returns and Allowances $400.

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Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned th...

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