Business
Business, 29.08.2019 16:30, autumnhuls5720

When a purchase on account is made the invoice becomes a debit memo?

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Business, 28.06.2019 09:30, lulu123r
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
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Business, 28.06.2019 09:40, kaileasample8259
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
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Business, 14.10.2019 20:30, joejonaslover7476
Which of the following statements is correct? a) the entry to record the payment of an invoice within the cash discount period would include a debit to the purchases discounts account.b) the entry to a cash purchase of merchandise would include a debit to purchases and a credit to cash.c) a transaction that is properly recorded in the cash payments journal will always include the recording of an amount in the cash debit column.d) purchase discounts is a contra revenue account.
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