an entry for a purchase return will include a a debit to inventory b a debit to sales returns and allowances c a credit to sales returns and allowances d a credit to inventory

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

an entry for a purchase return will include a . a debit to inventory b . a debit to sales returns and allowances c .

an entry for a purchase return will include

.

a debit to inventory

.

a debit to sales returns and allowances

.

a credit to sales returns and allowances

.

a credit to inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Impact Of Auditor Rotation On Audit Quality A Field Study From Egypt

Authors: Diana Mohamed

1st Edition

3848425378, 978-3848425372

More Books

Students also viewed these Accounting questions

Question

★★★★★

Plantation Homes Company is considering the acquisition of Condominiums, Inc. early in 2008. To assess the amount it might be willing to pay, Plantation Homes makes the following computations and...

Answered: 1 week ago

Question

★★★★★

investigated causes of death in cases of sudden death by examining autopsy records from a hospital in Garches, France. In one part of the study, the researchers compared various causes of death for...

Answered: 1 week ago

Question

★★★★★

69. If A and B are independent events, show that A and B are also independent. [Hint: First establish a relationship between P(A B), P(B), and P(A B).]

Answered: 1 week ago

Question

★★★★★

Tate Enterprises is a nonprofit organization that has a cost of capital of 10 percent. The organization is considering the replacement of its computer system. The old system has a net book value of...

Answered: 1 week ago

Question

★★★★★

1 - The probability that a visit to a particular car dealer results in neither buying a second-hand car nor a Japanese car is 55 %. Of those coming to the dealer, 25 % buy a second-hand car and 30 %...

Answered: 1 week ago

Question

★★★★★

Suppose you bought a bond with an annual coupon rate of 8.8 percent one year ago for $911. The bond sells for $954 today. a. Assuming a $1,000 face value, what was your total dollar return on this...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Answered: 1 week ago

Question

★★★★★

Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Answered: 1 week ago

Question

★★★★★

B. Franc earns $15 an hour as a delivery driver. His company also pays him $30 a week for car maintenance. What is the function that describes Franc's weekly earnings? 1 answer

Answered: 1 week ago

Question

★★★★★

1. Matilda has been highly agitated for the past 2 weeks, particularly when watching TV. She believes that news stories about crimes occurring nationally are directed at her and that the reporters...

Answered: 1 week ago

Question

★★★★★

Greg, 40, and Melanie, 38, come to therapy with their son Adrian, who is 13. Greg explains that Adrian has always been a little different. He describes his son as a reader and a dreamer who was...

Answered: 1 week ago

Question

★★★★★

Middle-level managers in India espouse a greater belief in change and are less conservative than their American counterparts at this level.

Answered: 1 week ago

Question

★★★★★

People are becoming the principal instrument in delivering service to the customer, particularly as the service industry grows in importance.

Answered: 1 week ago

Question

★★★★★

Successful techniques are focusing directly on people instead of technologies or processes, operating on the principle that devising systems for getting the best out of people will automatically...

Answered: 1 week ago

Previous Question Next Question