When a buyer returns merchandise purchased for cash, the buyer ...

[iveyjurea]

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

[joshbk44]

Answer to Question 1

b

Answer to Question 2

FALSE

[iveyjurea]

Thanks for the timely response, appreciate it

[elyse44]

Great answer, keep it coming