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 150 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?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

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
The official “Do Not Use” list as issued by The Joint Commission. The official “Do Not Use” list as issued by The Joint Commission.
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
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: Chemical Synapse Animation

For a complete list of videos, visit our video library