Business, 25.02.2020 23:14, THEOUTCOMER

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on credit on April 13. The seller's cost of the merchandise returned was $480. The merchandise is not defective and is restored to inventory. The seller has not yet received any cash from the customer. Complete the two journal entries (the first for the revenue part of the transaction and the second for the cost part) to record the sales return transaction by selecting the account names and dollar amounts from the drop-down menus

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, yzafer3971

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Answers: 1

continue

Business, 22.06.2019 14:00, gcristhian8863

Which of the following would be an accurate statement about achieving a balanced budget

Answers: 1

continue

Business, 22.06.2019 15:20, ashleyuchiha123

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

Answers: 2

continue

Business, 23.06.2019 11:10, elysabrina6697

If canada has a surplus of paper products produced but its consumers demand more cleaning solutions, and the us has an abundance of cleaning solutions but consumers are demanding more paper products, how would trade benefit both countries? trade would assist both countries by creating excess demand. trade would assist both countries by strengthening their natural resources. trade would assist both countries to both reduce excess supply and satisfy market demand.

Answers: 3

continue

Do you know the correct answer?

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandis...