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Author Question: When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a a. ... (Read 113 times)

iveyjurea

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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


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joshbk44

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

FALSE


iveyjurea

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Excellent

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