Multiple Choice
Cypress,Inc.sold merchandise for cash to a customer.The customer returned some of that merchandise because it was not satisfactory.What journal entry will Cypress use to record the return?
A) Debit Sales Revenue and credit Inventory.
B) Debit Cash and credit Sales Revenue.
C) Debit Cost of Goods Sold and credit Inventory.
D) Debit Sales Revenue and credit Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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