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Use inventory system made by blackwell company to will be

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Reference no: EM133004592

Propblem 1: Blackwell Company returnsperpetual The journal entryrecord the return  $500 of merchandise to Vienna Company. uses a inventory system made by Blackwell Company to will be:

a. Accounts Payable - Vienna Company......................................... 565

HST Recoverable............................................................. 65

Merchandise Inventory.................................................. 500

b. Accounts Payable - Vienna Company......................................... 565

HST Recoverable.............................................................. 65

Purchase Returns and Allowances................................ 500

c. Accounts Payable - Vienna Company........................................... 565

HST Payable..................................................................... 65

Merchandise Inventory.................................................. 500

d. Accounts Payable - Vienna Company.......................................... 565

HST Payable..................................................................... 65

Purchase Returns and Allowances............................... 500

e. None of the above

Reference no: EM133004592

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