Danton Hardware Company uses a perpetual inventory system. How should Danton record the return of inventory previously purchased on account for $200?1.Inventory200 Accounts Payable 2002.Accounts Payable200 Inventory 2003.Purchase Returns200 Accounts Payable 2004.Accounts Payable200 Purchase Returns 200
A. Option 1
B. Option 2
C. Option 3
D. Option 4
Answer: B
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