Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2,000 of the merchandise due to damage. When Doughton pays for the merchandise minus the return, it would record the payment in the:A. Cash receipts journal. B. Cash disbursements journal. C. Purchases journal. D. Accounts Payable controlling account. E. General journal.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2,000 of the ...” 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
Good strategy combined with good strategy execution: Select one: a. Offers a guarantee for avoiding periods of weak financial performance b. Are the two best signs that a company is a true industry leader c.
Answers (1)
Suppose the federal reserve sets the reserve requirement at 8%, banks hold no excess reserves, and no additional currency is held. a. what is the money multiplier? instructions: round your answer to 1 decimal place. b.
Answers (1)
Economic stability is linked with the supply and costs of money. Thus, all of the following statements are correct, except the: A. lower the costs of money, the greater the economic activity. B.
Answers (1)
What was not a result of the economic policies of the irish government in the late 1990s?
Answers (1)
The basis for an action in strict liability that are set forth in section 402a of the restatement (second) of torts can be summarized as a set of six requirements: 1. The product must be in a defective condition when the defendant sells it. 2.
Answers (1)
New Questions in Business
A fourminusfirm concentration ratio measures a. the fraction of an industry's sales accounted for by the four largest firms. b. the fraction of employment of the four largest firms in an industry. c. how the four largest firms became so concentrated.
Answers (1)
What agency is in charge of ellis island today?
Answers (2)
Which financial statement shows a company's profits or losses over a period of time?
Answers (1)
Why do companies using a horizontal structure have cultures that emphasize openness, employee empowerment, and responsibility? What do you think a manager's job would be like in a horizontally organized company?
Answers (1)
One year a country has positive net exports. the next year it still has positive but larger net exports a. its trade surplus fell. b. its trade surplus rose. c. its trade deficit fell. d. its trade deficit rose.
Answers (1)