This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a a. ... (Read 42 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a
 a. debit to Merchandise Inventory; a credit to Cash
  b. debit to Cash; a credit to Merchandise Inventory
  c. debit to Cash; a credit to Sales
  d. debit to Sales; a credit to Accounts Payable

Question 2

CPA stands for Certified Private Accountant.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

FALSE


iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio
An example of a late entry to the medical record. An example of a late entry to the medical record.
A medical assistant performs a spirometry test using electronic health record software. A medical assistant performs a spirometry test using electronic health record software.
The isotope record The isotope record
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Biological organic compounds

For a complete list of videos, visit our video library