The Entry to Record Returned Merchandise to Vans Company Is

question 38

Multiple Choice

The entry to record returned merchandise to Vans Company is:

• A)debit Purchases Returns and Allowances; credit Accounts Payable in the general ledger.
• B)debit Accounts Payable; credit Purchases.
• C)debit Accounts Payable/Vans Company in the accounts payable subsidiary ledger and debit Accounts Payable in the general ledger; credit Purchases Returns and Allowances.
• D)debit Purchases; credit Accounts Payable.

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Definitions:

Situation Analysis

The process of evaluating the current status of a company, organization, or product to understand its context within the market or environment.

Strategic Plan

An organized method for imagining an ideal future and converting this concept into general goals or aims, along with a series of actions to accomplish these goals.

Motivational Objectives

Goals designed to inspire action or change in behavior, often used in marketing, education, and management.

AAPD

The American Association of People with Disabilities, an organization advocating for the civil rights of people with disabilities.