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Answer:
The return of merchandise to the supplier for credit using the perpetual inventory system would include a : debit to Accounts Payable and a credit to Merchandise Inventory - A.
The perpetual inventory system is a method of updating merchandise inventory on a regular basis.
The merchandise inventory account will be updated quickly if there is a loss or rise in merchandise inventory.
Option A is correct as, The account payable will be debited and merchandise inventory will be credited.
The other Options are incorrect as:
- Option B is incorrect as, The account receivable won’t be debited accounts payable will be debited.
- Option C is incorrect as, sales return and allowances will not be debited.
- Option D is incorrect as, merchandise inventory will be credited not purchase return and allowance.
Thus Option A is the correct statement for this transaction,
For more information about perpetual inventory system refer to the link:
https://brainly.com/question/1510923 3
