If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a credit to Purchases Returns and Allowances. B. debit to Merchandise Inventory and a credit to Purchases. C. credit to Accounts Payable and a debit to Merchandise Inventory. D. debit to Accounts Payable and a credit to Merchandise Inventory.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a credit to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What does scarcity force people to do? A. Produce commodities B. Make choices C. Consume products D. Increase inflation
Answers (2)
When Gustavo and Serrana bought their home, they had a 5.9% loan with monthly payments of $870.60 for 30 years. After making 78 monthly payments, they plan to refinance for an amount that includes an additional $35,000 to remodel their kitchen.
Answers (1)
If i can die for my country i should be able to buy a beer employs what type of logic?
Answers (1)
Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this quarter? If not, what other information do we need? A. Aggregate expenditure was equal to GDP in this quarter. B.
Answers (2)
Which of the following is not a qualitative technique an entrepreneur can use to evaluate the asking price of an LBO?
Answers (1)
New Questions in Business
A bottle of wine costs $8 and a quiche costs $5. At Robert’s present levels of consumption, he spends all his income and receives marginal utility of $10 from the last bottle of wine and marginal utility of $4 from the last quiche.
Answers (1)
Julia brings home $2 comma 200 per month after taxes. Julia's rent is $806 per month, her utilities are $136 per month, and her car payment is $277 per month. Julia is currently paying $196 per month to her orthodontist for her braces.
Answers (1)
You are considering the purchase of a hybrid Honda Civic. Assume that you drive 12,000 per year, and will keep the auto for 10 years, at which time the car will have zero trade-in value. Assume the cost of gas is $2.49/gallon.
Answers (1)
Most states do not allow automobile repair shops to hold a customer's car when the customer refuses to pay for repairs already completed.
Answers (1)
Maggie wants to name her artificial flower arrangement business using her name, "Maggie Lightner, Inc. Her friend sally thinks she should name it "Forever Flower Designs". Think about the advantages of a sole proprietorship.
Answers (1)