Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. multiple choice question 96 incorrect answer. your

Multiple Choice Question 96 Incorrect answer. Your answer is incorrect. Try again. Waterway Industries records...

50.1K

Verified Solution

Question

Accounting

Multiple Choice Question 96 Incorrect answer. Your answer is incorrect. Try again. Waterway Industries records purchases at net amounts. On May 5 Waterway purchased merchandise on account, $82000, terms 2/10, n/30. Waterway returned $6500 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid.

The amount to be recorded as a purchase return is

$6630. $6370. $5850.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

JAVA / I KNOW THERE IS MORE THAN ONE QUESTION BUT THEY ARE SO EASY FO...

Programming
Q

Define “deep structure” and name the four reasons that family, community, and religion have held prominent...

Psychology
Q

1.38.4. The diagonal of a parallelogram and segments from any point on the diagonal to the...

Basic Math
Q

For this assignment, you will create a cross tabs and conduct a chi-square test of independence....

Basic Math
Q

2) There are three factors that impact team effectiveness (composition, structural, processes). What are the most...

General Management
Q

Example 9 15 Three rods each of mass m and length I are joinea to...

Physics
Q

A bank found that in recent years the average monthly charge on its credit card...

Basic Math
Q

Determine the simple interest rate if an investment of Php65,000.00 accumulates to Php100,000.00 in 45...

Algebra
Q

a The graph of y f x is shown Draw the graph of y f...

Algebra
Q

Current Attempt in Progress A process with no beginning Work in Process inventory,...

Accounting
Q

Question 2 of 2 -10 Ivanhoe Company makes three models of phasers. Information on...

Accounting
Q

Question 14 10 pts BYD Auto is a leading new energy vehicle manufacturer based in...

Finance