Business, 17.11.2019 03:31, bskyeb14579
Stear corp. purchases goods on credit for $2,000. it records this transaction in the journal. it then returns a quarter of these goods to the vendor because they were defective. how will the accountant record the transaction of returning the defective goods in the journal?
a.
accounts receivable account (debit) 2,000 purchase return account (credit) 2,000
b.
purchase return account (debit) 2,000 accounts receivable account (credit) 2,000
c.
accounts payable account (debit) 2,000 purchase return account (credit) 2,000
d.
purchase return account (debit) 2,000 accounts payable account (credit) 2,000
Answers: 2
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Stear corp. purchases goods on credit for $2,000. it records this transaction in the journal. it the...
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