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Find what error would cause

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Question 1: Office supplies bought on account were returned for credit and recorded with a debit to Accounts Payable and a credit to Merchandise Inventory. This error would cause __________.

Option A. the period's end Cost of Goods Sold to be understated

Option B. the period's end Cost of Goods Sold to be overstated

Option C. the period's net income to be understated

Option D. none of the above

Reference no: EM132560702

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