A customer returns $870 worth of merchandise and receives a full refund. What accounts recognize this sales

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A customer returns $870 worth of merchandise and receives a full refund. What accounts recognize this sales return (disregarding the merchandise condition entry) if the return occurs before the customer remits payment to the retailer?
A. Accounts receivable, sales returns and allowances
B. Accounts receivable, cash
C. Sales returns and allowances, merchandise inventory
D. Accounts receivable, cost of goods sold

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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