Top Posters
Since Sunday
k
1
1
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
harra harra
wrote...
Go to Answer
Posts: 1309
Rep: 2 0
6 years ago
Under a perpetual inventory system, the entries to record a $2,600 sales return of undamaged goods for a sale originally made on account, when the merchandise had a cost of $1,200, include a:
A) debit to Inventory of $1,200.
B) debit to Sales Returns and Allowances of $1,200.
C) credit to Cost of Goods Sold of $2,600.
D) credit to Sales Returns and Allowances of $1,200.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 75 times
1 Reply
Replies
Answer verified by a subject expert
KryzenKryzen
wrote...
#1
Posts: 466
Rep: 34 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

harra Author
wrote...

6 years ago
Just got PERFECT on my quiz
gefa
wrote...

Yesterday
Helped a lot
ealvino1610
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  814 People Browsing
 103 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 178
  
 193
  
 2278
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: What's your favorite funny biology word?