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Given the Following Accounts:
[1] Cash
[2] Accounts Receivable
[3] Merchandise Inventory
[4] Supplies Debit\text {Debit}

question 70

Short Answer

Given the following accounts:
[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
[5] Accounts payable
[6] Sales
[7] Sales returns and allowances
[8] Sales discounts
[9] Cost of goods sold
[10] Purchases
[11] Purchase returns and allowances
[12] Purchase discounts
[13] Freight-in
Indicate the account(s) to be debited and credited to record the following transactions.
-Sold merchandise on account - Periodic
Debit\text {Debit}\underline{\quad\quad} & \underline{\quad\quad} Credit\text {Credit}\underline{\quad\quad} & \underline{\quad\quad}


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