Reference no: EM131221065

瞻博公司,公司使用永续盘存ystem. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 26, it paid the full amount due. The correct journal entry to record the merchandise return on August 11 is:

借记账款应付$ 1,500;信用现金$ 1,500。

借记账款应付$ 1,500;credit Merchandise Inventory $1,500.

借方商品库存$ 1,500;credit Sales Returns $1,500.

借方商品库存$ 1,500;信用现金$ 1,500。

借记账款应付$ 1,500;credit Purchase Returns $1,500.