Which of the Following Would Require a Compound Journal Entry

question 98

Multiple Choice

Which of the following would require a compound journal entry?

• A) To record merchandise returned that was previously purchased on account.
• B) To record sales on account.
• C) To record purchases of inventory when a discount is offered for prompt payment.
• D) To record collection of accounts receivable when a cash discount is taken.

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Definitions:

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression, involving electrical stimulation of the brain under anesthesia.

Memory Loss

The inability to remember information or experiences that should normally be recallable.

Drug Therapy

The treatment of diseases or symptoms with pharmaceutical drugs, as prescribed by a healthcare provider.

Suicidal

Pertaining to having thoughts, intentions, or actions geared towards ending one's own life.