Garden company sold merchandise to mammoth industries on account for $3,450 with terms 2/10, n/30. the cost of goods sold was $1,850. garden company refunded mammoth industries for returned merchandise worth $900. the cost of goods sold was $600. which of the following will be recorded by mammoth industries in the journal entry for the return using the perpetual inventory system?
a. credit to accounts payable, $882
b. debit to accounts payable, $882
c. credit to merchandise inventory, $882
d. debit to accounts payable, $600
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