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Author Question: The journal entry to record the sale of merchandise on account would include a ________. A) ... (Read 131 times)

rmenurse

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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

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

D

Answer to Question 2

False


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