The customer returns half of the delivery because it did not meet the requirements stated in the order (the amount returned equals 1,000). The amount immediately paid by bank transfer ?

A. Debit: Merchandise (ASSET) Credit: Purchase Returns (EXPENSE) Amount = 1,000

B. Debit: Banks (ASSET) Credit: Purchase Returns (EXPENSE) Amount = 1,000

C. Debit: Purchase Returns (EXPENSE) Credit: Banks (ASSET) Amount = 1,000

D. Debit: Sales Returns (EXPENSE) Credit: Banks (ASSET) Amount = 1,000

Payment to suppliers. The debt totals 700. Since we paid within a certain time period we received a discount of 100 (discount for prompt payment).

A. Debit: Accounts payable (LIABILITY) Amount = 700 Credit: Cash (ASSET) Amount = 600 and Discount on purchases from promp payment (REVENUES) Amount = 100

B. Debit: Accounts Payable (LIABILITY)) Credit: Cash (ASSETS) Amount = 700

C. Debit: Cash (ASSET) Amount = 700 Credit: Accounts payable (LIABILITY) Amount = 600 and Discount on purchases from promp payment (EXPENSE) Amount =

Payment of 1,000 to the suppliers of a previous debt. *

A. Debit: Purchase of merchandise (EXPENSE) Credit: Cash (ASSET) Amount = 1,000

B. Debit: Accounts payable / Suppliers (LIABILITY) Credit: Cash (ASSET) Amount = 1,000

C. Debit: Cash (ASSET) Credit: Accounts payable /Suppliers (LIABILITY) Amount = 1,000

D. Debit: Purchase of merchandise (EXPENSE) Credit: Accounts Payable / Suppliers (LIABILITY) Amount = 1,000

Checking the delivery we discovered some defects. Therefore we return half of the amount to the supplier (value = 1,000). The amount is not collected. The amount is deducted from the outstanding debt *

A. Debit: Purchase Return (EXPENSE) Credit: Cash (ASSET) Amount = 1,000

B. Debit: Cash (ASSET) Credit: Purchase Return (REVENUE) Amount = 1,000

C. Debit: Accounts payable (LIABILITY) Credit: Purchase Return (REVENUE) Amount = 1,000

D. Debit: Purchase Return (EXPENSE) Credit:Accounts payable (LIABILITY) Amount = 1,000

Beginning inventory value = 1,000 Ending inventory value = 1,200. Record the update of the inventory account balance.

A. Debit: 1) Changes in inventories (Expense) to Inventories (Assets) Value = 1.000 2) Changes in inventories (Expense) to Inventories (Assets)Value = 1.200

B. Debit: 1) Inventories (Assets) to Changes in inventories (Revenues) Value = 1.000 2) Inventories (Assets) to Changes in inventories (Revenues) Value = 1.200

C. Debit: 1) Changes in inventories (Expense) to Inventories (Assets) Value = 1.000 2) Inventories (Assets) to Changes in inventories (Revenues) Value = 1.200

Purchase of merchandise on credit (payment in the future) for 1,000 *

A. Debit: Purchase of merchandise (EXPENSE) Credit: Cash (ASSET) Amount = 1,000

B. Debit: Purchase of merchandise (EXPENSE) Credit: Accounts Payable / Suppliers (LIABILITY) Amount = 1,000

C. Debit: Merchandise (ASSET) Credit: Cash (ASSET) Amount = 1,000

D. Debit: Merchandise (ASSET) Credit: Accounts Payable / Suppliers (LIABILITY) Amount = 1,000

E. Debit:Accounts Payable / Suppliers (LIABILITY) Credit: Purchase of merchandise (EXPENSE) Amount = 1,000

F. Debit:Accounts Payable / Suppliers (LIABILITY) Credit: Merchandise (ASSET) Amount = 1,000

Sales on credit (collection will be in the future) for 1,200 minus an immediately discount of 50.

A. Debit: Cash (ASSET) Credit: Sales (REVENUES) Amount = 1,150

B. Debit: Sales (REVENUES) Credit: Cash (ASSET) Amount = 1,150

C. Debit: Accounts Receivable (ASSET) Credit: Sales (REVENUES) Amount = 1,150

D. Debit: Sales (REVENUES) Credit: Accounts Receivable (ASSET) Amount = 1,150