If a company records merchandise it returns to suppliers in the general journal, then
A. a posting must be made only to the accounts payable control account.
B. a posting must be made only to the accounts payable subsidiary ledger account.
C. a dual posting must be made.
D. there will be a debit to Merchandise Inventory.
Answer:C
If a company records merchandise it returns to suppliers in the general journal, then
A. a posting must be made only to the accounts payable control account. B. a posting must be made only to the accounts payable subsidiary ledger account. C. a dual posting must be made. D. there will be a debit to Merchandise Inventory.