Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gOOvER gOOvER
wrote...
Go to Answer
Posts: 1305
Rep: 0 0
6 years ago
Ruby Company purchased inventory from Diamond Company, and received a credit memo from Diamond Company. Diamond Company had charged Ruby Company $3.85 rather than $3.58 for each of the 100 items ordered. What entry will Diamond Company make?
A)
Sales Returns and Allowances   27   
      Inventory      27

B)
Sales Returns and Allowances   27   
      Accounts Receivable-Ruby Company      27

C)
Accounts Payable-Ruby Company   27   
      Inventory      27

D)
Inventory   27   
      Accounts Payable-Ruby Company      27
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 123 times
2 Replies
Replies
Answer verified by a subject expert
migrodmigrod
wrote...
#1
Posts: 415
Rep: 22 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

gOOvER Author
wrote...
#2
5 years ago
Hopefully I pass my course
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  667 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1168
  
 135
  
 246