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 68 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 :)

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« 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?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Vinyl record Vinyl record
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
A medical assistant performs a spirometry test using electronic health record software. A medical assistant performs a spirometry test using electronic health record software.
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.
An overlapping record extends back thousands of years of tree ring width An overlapping record extends back thousands of years of tree ring width
TEEMID - Golden Record TEEMID - Golden Record
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library