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  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 6
  4. Exam
    Exam 27 Appendix : Accounting With Special Journals
  5. Question
    A Customer Who Had Purchased $60,000 Worth of Merchandise on Account
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A Customer Who Had Purchased $60,000 Worth of Merchandise on Account

Question 2

Question 2

Multiple Choice

A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature?


A) A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature? A)   B)   C)   D)   E)
B) A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature? A)   B)   C)   D)   E)
C) A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature? A)   B)   C)   D)   E)
D) A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature? A)   B)   C)   D)   E)
E) A customer who had purchased $60,000 worth of merchandise on account returns 10% of this order to the seller because she is not satisfied with the quality of the goods. How would this entry be recorded on the books of the seller if historically the seller has had very few returns of this nature? A)   B)   C)   D)   E)

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