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vekshin1
3 years ago
8

Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company

refunded Montana Industries $900 for returned merchandise. Which of the following will be recorded by Montana Industries in the journal entry for the refund from the return?
Business
1 answer:
BlackZzzverrR [31]3 years ago
8 0

Answer:

Db Accounts Payable or Cash____900

Cr  Inventory account__________________900

Explanation:

The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.

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2. The feature of the general version of the arbitrage pricing theory (APT) that offers the greatest potential advantage over th
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3 years ago
Nico and Lorena used different methods to determine the product of three fractions. Nico's Method Lorena's Method Whose solution
frosja888 [35]

Hello. You forgot to show the calculations made by Nico and Lorena. The calculations are shown in the attached figure.

Answer:

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3 years ago
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