If a customer returns goods for credit, the selling company normally makes an entry in the: a.
Question:
If a customer returns goods for credit, the selling company normally makes an entry in the:
a. cash payments journal.
b. sales journal.
c. general journal.
d. cash receipts journal.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
c g...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
Question Posted:
Students also viewed these Business questions
-
How is the concept of ethical plurality useful in addressing ethical dilemmas?
-
Random samples of size 325 from a population with a proportion 0.05 Standard Error=
-
The Fashion Rack has a monthly accounting period. The firms chart of accounts is shown below and on the next page. The journals used to record transactions are the sales journal, purchases journal,...
-
Describe the impact of mobile computing upon your business and project its impact in the future. Do the same for social media. In both cases, when considering impacts, consider how each technology...
-
Prove that a nilpotent matrix is similar to one that is all zeros except for blocks of super-diagonal ones.
-
Calculate the time necessary to perform a multiply using the approach given in Figure 3.8 if an integer is A bits wide and an adder takes B time units. Figure 3.8 For many reasons, we would like to...
-
What are the nine steps of organization design processes proposed in this chapter?
-
You will receive $6,800 three years from now. The discount rate is 10 percent. a. What is the value of your investment two years from now? Multiply $6,800 .909 (one years discount rate at 10...
-
On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $829,500 in cash and equity securities. The remaining 30 percent of Atlantas shares...
-
On September 1 the balance of the Accounts Receivable control account in the general ledger of Seaver Company was \($10,960.\) The customers subsidiary ledger contained account balances as follows:...
-
A sales journal will be used for: Credit Cash Sales Sales Sales Discounts a. no yes yes b. yes no yes c. yes no d. yes yes no
-
How capable are YOU in forgoing an individualistic stance in order to view yourself as a member of a group and adopt group identity and values?
-
In 2015, George Wright started the Old Oregon Wood Store to manufacture Old Oregon tables. Each table is carefully constructed by hand using the highest-quality oak. Old Oregon tables can support...
-
Indian Railways runs around 12500 passenger trains. Daily more than 23 million passengers travel by Indian Railways, also called as Lifeline of India. These trains are categorized as Rajdhani,...
-
Pamela Corp has operations in States 1 and 2. Its operations for the year were: Calculate the apportionment factors for States 1 and 2. Assume that State 1 uses a three-factor apportionment formula,...
-
Assume the same facts as Problem 3, except both states use a three-factor formula where sales are double weighted. For the property factor, State 1 uses book value, while State 2 uses net book value....
-
Lyn Corporation has its manufacturing, distribution, and retail operations in State 1. However, sales are made to customers in States 1, 2, and 3. Sales in State 1 are made through retail stores....
-
Consider the following hypothetical situation in the computer industry. HP had been outsourcing production to Acer and using overtime for as much as 20% of productionHPs plants and assembly lines...
-
The 2017 financial statements of the U.S. government are available at: https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm Use these to answer the following questions: a. Statement...
-
Swifty Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,300 shares of $50 par value preferred stock and 140,000 shares of $10 par value common stock. At...
-
Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below) Hudson Co. reports the contribution margin income...
-
Plant Co completed a special landscaping job for Smith Co. Plant uses ABC and has the following activity rates: Activity Allocation Base Activity Rate Designing Number of designs $275 / design...
Study smarter with the SolutionInn App