Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700

What are the correct ledger entries to ?

A

Dr Purchases       $450                   Dr Purchase Returns              $700

Cr Cash               $450                    Cr Trade Payables                 $700

B

Dr Purchases                         $450         Dr Trade Payables                  $700

 Cr Purchase Returns            $1,150

C

Dr Purchases                             $450          Dr Trade Payables                              $250 

Cr Purchase Returns                 $700

D

Dr Purchase Returns                $700             Dr Purchases                         $450 

Cr Trade Payables                   $1,150