Homework Clinic

Social Science Clinic => Accounting => Topic started by: xclash on Jul 5, 2018

Title: A cash refund paid to a customer who overpaid an account receivable is recorded in the cash payments ...
Post by: xclash on Jul 5, 2018

A cash refund paid to a customer who overpaid an account receivable is recorded in the cash payments journal.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

At the end of January, budgeted accounts receivable is ________.
 
  A) 40,000
  B) 80,000
  C) 120,000
  D) 160,000

Title: A cash refund paid to a customer who overpaid an account receivable is recorded in the cash payments ...
Post by: pikon on Jul 5, 2018

Answer to Question 1

True

Answer to Question 2

Answer: B