If a Customer Has a Balance for an Amount Owed

Multiple Choice

If a customer has a balance for an amount owed and a return is made, a credit memo is prepared and______ .

A) a refund check is issued
B) the amount of the return may be applied to the invoice for the original sale
C) the customer determines whether to apply the amount to the invoice for the sale or get a refund check
D) any of the above