Which of the Following Would Require Two Journal Entries

question 51

Multiple Choice

Which of the following would require two journal entries?

• A) to record merchandise returned that was previously sold on account in a perpetual inventory system
• B) to record sales of merchandise on account in a periodic inventory system
• C) to record cash purchases of inventory
• D) to record collection of accounts receivable

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Definitions:

Butterflies

Insects belonging to the order Lepidoptera, known for their bright colors and large, often patterned wings, undergoing dramatic transformations during their life cycle.

Density-Independent Factor

Environmental factors that affect population sizes regardless of the population's density, such as natural disasters or climate changes.

Flood

An overflow of water that submerges land that is usually dry.

Rabbits

Small mammals with long ears, long hind legs, and a short tail, known for their fast breeding and being common in many regions as wild and domesticated animals.