Author Question: The journal entry to record the sale of merchandise on account would include a ________. A) ... (Read 124 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
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
Answer to Question 1

D

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library