QUESTION 6 PAT Co. sells merchandise inventory that cost $125 for $200 on account. A few...
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QUESTION 6 PAT Co. sells merchandise inventory that cost $125 for $200 on account. A few days later, PAT Co.'s customer retums $50 of the previously sold goods. The cost of the returned goode was $15. Which accounts would PAT Co. debit in order to record the return of the merchandise inventory? O Sales Discounts $50; Merchandise Inventory for $15 O Accounts Receivable for $50; Merchandise Inventory for $15 O Sales Returns and Allowances for $50; Merchandise Inventory for $15 Accounts Receivable for $50; Cost of Goods Sold for $15 QUESTION 7 PAT Co. sells merchandise inventory that cost $125 for $200 on account. A few days later, PAT Co.'s customer returns $50 of the previously sold goods. The cost of the retumed goods was $15. Which accounts would PAT Co. credit in order to record the return of the merchandise inventory? O Sales Discounts $50; Merchandise Inventory for $15 O Accounts Receivable for $50, Merchandise Inventory for $15 O Sales Returns and Allowances for $50, Merchandise Inventory for $15 O Accounts Receivable for $50; Cost of Goods Sold for $15 QUESTION 6 PAT Co. sells merchandise inventory that cost $125 for $200 on account. A few days later, PAT Co.'s customer retums $50 of the previously sold goods. The cost of the returned goode was $15. Which accounts would PAT Co. debit in order to record the return of the merchandise inventory? O Sales Discounts $50; Merchandise Inventory for $15 O Accounts Receivable for $50; Merchandise Inventory for $15 O Sales Returns and Allowances for $50; Merchandise Inventory for $15 Accounts Receivable for $50; Cost of Goods Sold for $15 QUESTION 7 PAT Co. sells merchandise inventory that cost $125 for $200 on account. A few days later, PAT Co.'s customer returns $50 of the previously sold goods. The cost of the retumed goods was $15. Which accounts would PAT Co. credit in order to record the return of the merchandise inventory? O Sales Discounts $50; Merchandise Inventory for $15 O Accounts Receivable for $50, Merchandise Inventory for $15 O Sales Returns and Allowances for $50, Merchandise Inventory for $15 O Accounts Receivable for $50; Cost of Goods Sold for $15
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