Use the Information Above to Answer the Following Question

question 70

Multiple Choice

Use the information above to answer the following question.What journal entry (entries) will Darin Company make on October 4 to record the sales return?

• A) Debit Sales Returns & Allowances and credit Accounts Receivable for $500; debit Inventory and credit Cost of Goods Sold for $200
• B) Debit Sales Returns & Allowances for $200 and credit Accounts Receivable for $200
• C) Debit Sales for $500 and credit Inventory for $500
• D) Debit Accounts Receivable and credit Sales Returns & Allowances for $500; debit Cost of Goods Sold and credit Inventory for $200

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Definitions:

Peremptory Challenge

A right in jury selection for attorneys to reject a certain number of potential jurors without stating a reason.

Supporting Reason

An argument or rationale provided to back up a claim, opinion, or decision.

Peremptory Challenges

The right in jury selection for the prosecution and defense to reject a certain number of potential jurors without stating a reason.

Racial Criteria

Standards or tests based on race, often used in contexts where racial profiling, discrimination or preferential treatment is being examined.