On December 2,a Customer Returned Merchandise,with a Selling Price of $1,200

question 66

Multiple Choice

On December 2,a customer returned merchandise,with a selling price of $1,200 purchased on account,to a department store.Ignoring cost of goods sold,which journal entry should the department store prepare? Assume no sales discount was offered for early payment.

• A) Debit Sales Revenue for $1,200 and credit Accounts Receivable for $1,200.
• B) Debit Sales Revenue for $1,200 and credit Cash for $1,200.
• C) Debit Sales Revenue for $1,200 and credit Sales Returns and Allowances for $1,200.
• D) Debit Sales Returns and Allowances for $1,200 and credit Accounts Receivable for $1,200.

---

Definitions:

False Expectations

Beliefs or hopes that are based on erroneous assumptions or misinformation, often leading to disappointment.

Multistate Strategy

An approach that involves coordinating efforts and actions across multiple states to achieve a common goal or address a widespread issue.

Regular Warfare

Conventional conflict between the military forces of nation-states or coalitions, typically involving direct, open engagement between opposing armies.

Location Of Hostilities

The specific geographical area where conflicts or military operations are actively occurring.