On December 2,a Customer Returned Merchandise with a Selling Price

question 120

Multiple Choice

On December 2,a customer returned merchandise with a selling price of $500 purchased on account to a department store.Ignoring Cost of Goods Sold,what journal entry did the department store prepare?

• A)Debit Sales Revenue for $500 and credit Accounts Receivable for $500.
• B)Debit Sales Revenue for $500 and credit Cash for $500.
• C)Debit Sales Revenue for $500,credit Sales Discount for $10,and credit Cash for $490.
• D)Debit Sales Returns and Allowances for $500 and credit Accounts Receivable for $500.

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Definitions:

Impaired Muscle

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