For each of the following transactions indicate what


For each of the following transactions indicate what accounts are affected, and which account gets the Debit or Credit.

A Merchandiser purchases inventory for resale from a Supplier.

A Merchandiser returns purchased items to teh Supplier that are defective.

A Merchandiser "pays" for units previously purchased on an account with the Supplier.

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Financial Accounting: For each of the following transactions indicate what
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