Business, 28.09.2020 04:01, madisongibson714
A customer purchased some goods on credit from Stears Corp. The customer then returned $750 worth of goods to the company because he found them to be defective. What will the contra revenue journal entry by the accountant be?
A.
Customer Account (debit) 750; Sales Return Account (credit) 750
B.
Sales Return Account (debit) 750; Customer Account (credit) 750
C.
Sales Return Account (debit) 750; Sales Account (credit) 750
D.
Sales Account (debit) 750; Sales Return Account (credit) 750
E.
Sales Return Account (debit) 750; Cash Account (credit) 750
Answers: 2
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A customer purchased some goods on credit from Stears Corp. The customer then returned $750 worth of...
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