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Lostsunrise [7]
3 years ago
13

Sue’s Jewelry sold 30 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10

, n/30. Five necklaces were returned prior to payment. The entry to record the return would include a
A. debit to Sales Returns and Allowances for $132.50.
B. debit to Sales Returns and Allowances for $125.00.
C. credit to Sales Tax Payable for $7.50.
D. debit to Accounts Receivable for $132.50.
Business
1 answer:
navik [9.2K]3 years ago
5 0
The right answer for the question that is being asked and shown above is that: "<span>B. debit to Sales Returns and Allowances for $125.00. " </span>Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00. 
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