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77julia77 [94]
3 years ago
12

A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr

edit 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

Business
1 answer:
Vika [28.1K]3 years ago
7 0

Answer:

The solution is given in tabular form.

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Jake manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g
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Answer:

The given condition is an example of:

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Explanation:

In the given question mentioning data is that

Jake is been managing a grocery store in any country which is experiencing high rate of inflation. He is mentioned to be paid in cash.

On his very payday he went outside immediately and bought as many goods as he could for himself as he was going to get his pay today and was needing those items.

So, he thought of buying all the items he is needing as for the next two weeks  in order of prevention of the money in his wallet from losing value due to high inflation rates.

And at last what he couldn't spend on buying for all that amount he converted that amount into most stable foreign currency for being used as a steep fee.

So all this were an example of :

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Answer: Geocentric managers

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2 years ago
What statement about pawn shops is correct?
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The correct answer for the question that is being presented above is this one: "B. A pawn shop has lower interest rates than banks." The statement about a pawn shop that is correct is this one: <span>B. A pawn shop has lower interest rates than banks.</span>
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For most producing firms:_______.
irinina [24]

Answer:

letter a is the correct answer

Explanation:

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