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xxTIMURxx [149]
1 year ago
7

if a merchandiser records a debit to accounts receivable and a credit to sales revenue, they have most likely

Business
1 answer:
Elden [556K]1 year ago
8 0

if a merchandiser records a debit to accounts receivable and a credit to sales revenue, they have most likely Credit sales recorded.

We have accounts receivable as an asset account and the sales have already been made. Sales revenue has been generated and will be credited to accounts receivable. Sales revenue is a source of income, and accounts receivable are sources of assets.

Some credit sales have clauses, such as interest income clauses, that state that if a payment is not made, an amount will be received after a certain amount of time has passed.

Credit sales are transactions in which the outstanding balance will be paid at a later time. In other words, credit sales refer to transactions in which customers make purchases but do not pay in full, in cash, at the time of the transaction.

learn more about sales revenue here

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3 years ago
The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units
siniylev [52]

Answer:

23,000 units

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[The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statemen
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3 years ago
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