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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
Merchandise sold on credit was returned for credit and recorded with a debit to Sales Returns and Allowances and a credit to Accounts Payable. This error will cause:
A) the accounts payable to be understated.
B) the net income for the period to be understated.
C) the assets to be overstated.
D) the net income for the period to be overstated.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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6 years ago
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Fast2F Author
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#2
6 years ago
I’m very happy now Smiling Face with Open Mouth Thank you for the answe
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