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Title: Hawk Company purchases goods for resale from Spirits, Inc. The amount of the purchase is $12,500 ... Post by: tivo on Feb 20, 2017 Hawk Company purchases goods for resale from Spirits, Inc. The amount of the purchase is $12,500 with terms of 3/10, n/30. Hawk later returns $500 of the goods. Under the perpetual inventory system, the journal entry to record the return is:
A) debit Accounts Payable; credit Purchase Returns and Allowances. B) debit Purchase Returns and Allowances; credit Accounts Payable. C) debit Accounts Payable; credit Inventory. D) debit Accounts Payable; credit Purchase Discounts. Title: Re: Hawk Company purchases goods for resale from Spirits, Inc. The amount of the purchase is $12,500 ... Post by: largerthanlife on Feb 20, 2017 Content hidden
Title: Re: Hawk Company purchases goods for resale from Spirits, Inc. The amount of the purchase is $12,500 ... Post by: tivo on Apr 10, 2017 Luckily this is the last business course I'll be taking. Thank you greatly
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