Jones co. returned merchandise purchased from smith co. the journal entry to record the return of the merchandise by jones under a perpetual inventory system is a debit to and a credit to
a. accounts payable—smith co.; merchandise inventory
b. accounts receivable— smith co.; merchandise inventory
c. sales returns and allowances; merchandise inventory
d. none of these choices are correct.

a. Accounts Payable—Smith Co.; Merchandise Inventory

Explanation:

We assume that Jones Co. purchased merchandise on account.

In order to record the purchase returns we do the following,

Smith Co, debit, since this is a payable account and credit by nature, we debit it to reduce the balance payable amount by the amount of inventory returned.

We also credit out merchandise inventory, since it is reduced and no longer has the returns accumulated.

Option A is the right answer.

Hope that helps.

answer: yo mama

explanation: yo mama

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.