Multiple Choice
When merchandise previously sold is returned for credit, the journal entry is
A) debit Sales; credit Accounts Receivable.
B) debit Sales Returns and Allowances; credit Accounts Payable.
C) debit Accounts Receivable; credit Sales Returns and Allowances.
D) debit Sales Returns and Allowances; credit Accounts Receivable.
E) debit Accounts Receivable; credit Purchases Discounts.
Correct Answer:

Verified
Correct Answer:
Verified
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Q84: Match the terms below with the correct
Q85: The ledger that provides a separate record
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Q88: When recording sales of goods for cash,
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