Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following?
A. Debit Purchases for $500; credit Accounts Payable $500 B. Debit Purchases for $500; credit Purchases Returns and Allowances $500 C. Debit Accounts Payable/Suppliers Name for $500; credit Purchases Returns and Allowances for $500 D. Debit to Accounts Payable for $500, credit Purchases Discount for $500
