Answer:
The journal entry to record the merchandise return and the payment should be:
Dr Cash 2,940
Dr Sales discount 60
Dr Sales returns and allowances 600
Cr Accounts receivable 3,000
The second entry must be made to record the increase in inventory:
Dr Merchandise inventory 600
Cr Sales returns and allowances 600
Explanation:
The sales returns and allowances account is used to record returned merchandise, while the sales discount account is used to record discounts for early payments or other types of sales discounts.
Matching each scenario to the insurance needed for protection.
- Tyrell's son has leukemia and will need cancer medications- Health insurance.
- Someone broke into Maria's house and stole her flat screen TV and other values- Homeowners insurance.
- Don wants to make sure his family has enough money to pay off the house if he dies- Life insurance.
- Jill broke both of her legs in a skiing accident. She will be out of work for several months while she recovers from her injuries- Disability insurance.
- Due to careless driving, Lisa hit another car and hurt the passengers inside- Liability insurance.
<h3>What is insurance?</h3>
Insurance can be defined as a coverage that help to cover cost or expenses in case of unforeseen or unexpected circumstances such as:
Therefore Tyrell's son has leukemia and will need cancer medications- Health insurance.
Learn more about insurance here:brainly.com/question/25855858
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It depends. Do you want to start a business? If so, it costs alot of money. First you need to decide what you want you business to be, then you have to build a corporation and hire workers.
Answer:
c
Explanation:
A stale green light is light that is about to turn yellow because it has been green for a while
Cover brake involves taking ones foot off the accelerator and hovering it over the brake pedal.
Cover brake is necessary when there is a stale green light in case there is a need to stop suddenly or reduce speed
