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Author Question: Heidi's Accessories bought 40 necklaces for $10 each on account. The invoice included 5% GST and ... (Read 77 times)

ashley

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on: Nov 11, 2019
Heidi's Accessories bought 40 necklaces for $10 each on account. The invoice included 5% GST and payment terms of 2/10, n/30. In addition, 5 necklaces were returned prior to payment. The entry to record the return would include
◦ a debit to Accounts Payable for $52.50.
◦ a debit to Purchases Returns and Allowances for $52.50.
◦ a debit to Purchases Returns and Allowances for $50.00.
◦ a debit to Accounts Payable for $50.00.
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Marked as best answer by ashley on Nov 11, 2019

jennafosdick

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ashley

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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