Recent Posts • Latest Topics • Unanswered Questions

Perkins issued a $500 credit memo to a customer, Susan Richardson, for inventory that Richardson ...

gOOvER

wrote...

Go to Answer

Posts: 1305

Rep:

6 years ago

Perkins issued a $500 credit memo to a customer, Susan Richardson, for inventory that Richardson ...

Perkins issued a $500 credit memo to a customer, Susan Richardson, for inventory that Richardson returned because it was not what she had ordered. What entry does Richardson make assuming her company using a periodic inventory system?
A)
Accounts Payable-Perkins   500
Sales Returns and Allowances      500

B)
Inventory   500
Accounts Payable-Perkins      500

C)
Accounts Payable-Perkins   500
Purchase Returns and Allowances      500

D)
Accounts Payable-Perkins   500
Inventory      500

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

Read 98 times

1 Reply

Report

Replies

Answer verified by a subject expert

Kryzen

wrote...

Posts: 466

Rep:

6 years ago

More solutions for this book are available here

Report

Related Topics

gOOvER Author

wrote...

6 years ago

This helped my grade so much Perfect

bkrandy

wrote...

Yesterday

Thanks for your help!!

ethom947

wrote...

2 hours ago

This site is awesome

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1151 People Browsing

116 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

350

384

796

Your Opinion

Previous poll results: Does a gender wage gap exist in America?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.