Under a Periodic Inventory System, the Entries to Record a $3,400

question 115

Multiple Choice

Under a periodic inventory system, the entries to record a $3,400 sales return for undamaged goods on an original cash sale when the merchandise had a cost of $1,500 include a debit to:

• A)Accounts Receivable of $3,400.
• B)Cost of Goods Sold of $1,500.
• C)Sales Returns and Allowances of $3,400.
• D)Inventory of $1,500.

---

Definitions:

Olives

Small, oval fruits rich in oil, commonly used in cooking and as garnishes, and known for their health benefits.

Pyramids

Structures located in the medulla oblongata of the brain involved in transmitting motor information.

Brainstem

The structure in the lower part of the brain that connects the cerebrum with the spinal cord, playing a vital role in controlling autonomic functions.

Cranial Nerves

Twelve pairs of nerves that emerge directly from the brain, not through the spinal cord, and affect areas such as the head and neck.