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Study Previous Page 5 of 14 EH Next > Global Company sold merchandise to Montana...

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Accounting

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Study Previous Page 5 of 14 EH Next > Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company refunded Montana Industries $900 for returned merchandise. Which of the following will be recorded by Montana Industries in the journal entry for the refund from the return? O a. Credit to Merchandise Inventory, $900 O b. Debit to Cash, $600 O c. Debit to Customer Refunds Payable, $900 d. Credit to Customer Refunds Payable, $900

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