Question
7. Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a a. credit to
7. Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a
a. credit to Customer Refunds Payable
b. debit to Inventory
c. credit to Inventory
d. debit to Cash
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
