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1 pa A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350 The company returned $275 worth of merchandise and then paid
1 pa A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350 The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period The total cost of this merchandises O A 53.725.00 B. 53.925.00 OC. 53.995.00 OD. 54.000.50 E $4.075.00 Atter preparng and posting the dog entries for revenues and experts, the como summary account has a dobit balance of $33.000 The entry to close the income imary account will be O A Debit Dividends 533,000 credit Income Summary $33,000 OB. Debit income Summary 533,000 Credit Dividends $33,000 Debit Income Summary 533.000, credit Retained earnings $33,000, OD,Debit Retained earnings 533,000 credit Income Summary $33,000 E. Credit Retained earnings $33.000 debt Dividends $33,000
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