If a Company Records Merchandise It Returns to Suppliers in the General

question 110

Multiple Choice

If a company records merchandise it returns to suppliers in the general journal, then

• A) a posting must be made only to the accounts payable control account.
• B) a posting must be made only to the accounts payable subsidiary ledger account.
• C) a dual posting must be made.
• D) there will be a debit to Merchandise Inventory.

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Definitions:

Antibiotic

Drugs used to fight bacterial infections in humans and animals by killing bacteria or inhibiting their growth.

Furosemide

A diuretic medication used to treat fluid build-up due to heart failure, liver scarring, or kidney disease.

Diuretic

A substance or medication that promotes the production of urine, used to manage fluid balance and blood pressure.