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

Author Question: A document that is issued when credit is given for merchandise returned or for an allowance is ... (Read 145 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
A document that is issued when credit is given for merchandise returned or for an allowance is called a(n) ___________________ _.
 Fill in the blank(s) with correct word

Question 2

Acme, Inc. accepted a promissory note from NadirCo, who promised to pay Acme 5,000 plus 6 interest at the end of four months. When Acme first accepts the note, it should record a ________.
 
  A) note payable of 5,000
  B) note receivable of 5,000
  C) note payable of 5,100
  D) note receivable of 5,150


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jul 5, 2018
Answer to Question 1

credit memo

Answer to Question 2

B


arivle123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 5, 2018
Thank you :)


mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Cane toad merchandise Cane toad merchandise
Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ... Technical service bulletins (TSBs) are issued by vehicle manufacturers when a fault occurs that ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library