Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using a perpetual inventory system, the sellers jo

Using a perpetual inventory system, the sellers journal entry to record the return, by the...

80.2K

Verified Solution

Question

Accounting

Using a perpetual inventory system, the sellers journal entry to record the return, by the buyer, of merchandise purchased on account includes a:

Select one:

a. Credit to Purchases Returns

b. Debit to Sales Returns and Allowances

c. Debit to Accounts Receivable

d. Debit to Cost of Goods Sold

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe how the blood flows through the heart (similar to a circuit), include each step using...

Medical Sciences
Q

NBM has $2 million of extra cash. It has two choices to make use of the...

Finance
Q

a A system consists of a uniformly charged sphere of radius R and a surrounding...

Physics
Q

A company is promoting two employees to the director and manager roles. If there are...

Geometry
Q

The set S = {V1, V2, V3} where v? = (-1, 1, 1), v? =...

Geometry
Q

A market research company surveyed consumers to determine their ranked preferences of pizzas among the...

Basic Math
Q

Rewrite the logarithmic equation in exponential form log 49 x 0 0 Hint

Basic Math
Q

Five observations taken for two variables follow 80 70 60 50 40 30 20 10...

Statistics
Q

6 Q Y T R 3 2 1 3 2 1 0 2 3 1...

Calculus
Q

Solve the following system of equations using LU decomposition with partial pivotin 2x16x2x3 38 3x1...

Algebra
Q

3 The following data is available for Crater Corporation's North American division for the years...

Accounting
Q

Daniel acquires a 30% interest in the PPZ Partnership from Paolo, an existing partner for...

Accounting