Business, 04.03.2020 02:15 kayvontay4
Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned merchandise. Assuming that the purchase was originally bought on credit for $400 with a cost to Dogs R US of $100, demonstrate required journal entry of Dogs R US to record the return by selecting all of the correct actions below. A. Credit Accounts Receivable $700.
B. Debit Gash $686.
C. Debit Accounts Receivable $700.
D. A Debit Sales Discounts $14.
E. Credit Sales Discounts $14.
F. Debit Cash $700.
Answers: 3
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Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned me...
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