« previous next »

Author Question: The journal entry to record the sale of merchandise on account would include a ________. A) ... (Read 141 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
EEG electrodes attached to the child’s scalp provide a record of brain activity in multiple ... EEG electrodes attached to the child’s scalp provide a record of brain activity in multiple ...
Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ... Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ...
A color-coded record. A color-coded record.
Attachment and cell entry by HIV. Attachment and cell entry by HIV.
The four routes of entry into the human body for hazardous materials. The four routes of entry into the human body for hazardous materials.
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library