« previous next »

Author Question: The journal entry to record the sale of merchandise on account would include a ________. A) ... (Read 125 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jul 5, 2018
The journal entry to record the sale of merchandise on account would include a ________.
 
  A) credit to Accounts receivable
  B) credit to Cash
  C) debit to Accounts payable
  D) debit to Cost of goods sold

Question 2

A deduction allowed to wholesalers and retailers from the price of merchandise listed in catalogs is called cash discounts.
 a. True
  b. False
 
   Indicate whether the statement is true or false


vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Medical assistants can quickly pull up a patient record when a phone call is received. Medical assistants can quickly pull up a patient record when a phone call is received.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ... The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ...
The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ... The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ...
The Hfr chromosome time-of-entry map is assembled from the recombinant data The Hfr chromosome time-of-entry map is assembled from the recombinant data
Video: Introduction to Herpes

For a complete list of videos, visit our video library