1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
3 years ago
9

ADRIAN CORP. SELLS GOODS ON ACCOUNT FOR $100000 ON MAY 1. ON MAY 15, THE CUSTOMER RETURNS $40000 OF THE MERCHANDISE. THE CUSTOME

R HAS NOT YET PAID FOR ANY OF THE GOODS. WHAT WILL ADRIAN RECORD ON MAY 15?
A. CREDIT TO ALLOWANCE FOR SALES RETURNS
B. DEBIT TO SALES EXPENSE
C. DEBIT TO SALES RETURNS
D. CREDIT TO ACCOUNTS RECEIVABLE
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

D. CREDIT TO ACCOUNTS RECEIVABLE

Explanation:

Sales return is the transaction of return of goods by customer which is sold earlier. It is posted in a contra sales account and the receivable will be reduced if sold on credit otherwise cash will be refunded.

The Entry for sales return will be as follows

Dr. ALLOWANCE FOR SALES RETURNS $40,000

Cr. Account Receivable $40,000

So the correct answer is D. CREDIT TO ACCOUNTS RECEIVABLE

You might be interested in
Bridgette is a managerial accountant at the Middle Peninsula Manufacturing Company.​ Recently, Bridgette received a Certified Ma
Anettt [7]

Answer:

B. Institute of Management Accountants​ (IMA)

Explanation:

B. Institute of Management Accountants​ (IMA)

The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three  basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.

It is a member of different  international accounting bodies and firms .

4 0
3 years ago
identify the characteristics of a successful workplace culture. select all that apply. employees want to do a good job. employee
PIT_PIT [208]

The characteristics of a successful workplace culture. select all that apply employees like the goals of the organization.

Culture is the character and personality of your organization. it is what makes your business unique and is the sum of its values, traditions, beliefs, interactions, behaviors, and attitudes. Fantastic place of business way of life attracts skills, drives engagement, influences happiness and pleasure, and impacts performance. The character of your business is inspired by everything. Leadership, management, workplace practices, regulations, people, and extra impact culture significantly. The most important mistake groups make is letting their workplace tradition form naturally without first defining what they need it to be.The way your leaders speak and engage with employees, what they talk and emphasize, their vision for the future, what they celebrate and recognize, what they expect, the stories they tell, how they make decisions, the volume to which they're relied on, and the ideals and perceptions they reinforce.

Learn more about Workplace culture here:-

brainly.com/question/24501669

#SPJ4

7 0
1 year ago
Domino's Pizza was 50 years old in 2010. Visit the company's business-related website (www.dominosbiz) and read the company prof
RUDIKE [14]

Answer:

Consider the following paragraph I wrote

Explanation:

I think the firm focuses on the economic perspective in describing its competitive advantage. In the economic perspective, a firm focuses on how much economic value it creates through its competitive advantage.

In the company profile, Domino's focuses on how much economic value it creates for its sub-franchisees, franchisees and the parent company. It focuses more on the chain which creates economic value for the entire Domino's ecosystem consisting of the parent company, franchisees, and the sub-franchisees. So, I think the firm focuses on economic perspective in describing its competitive advantage.

4 0
3 years ago
How do you start a business in America?
Luba_88 [7]

Answer:

How To Launch Any Business Online For Under $100! YES you can! Starting an online business doesn’t need to be complicated. Start Any Online Business.

3 0
3 years ago
Anyone have tikt ok put u r at in co mments or anw ser and i will follo w u
kondaur [170]

Answer:

sorry I don't have one! T~T

Explanation:

8 0
2 years ago
Other questions:
  • Owning provides ____ flexibility but can lead to ______ costs in the long termA-greater ; lowerB- greater; higherC- less; lower
    7·1 answer
  • What is the elastic clause and how does it help the constitution remain relevant?
    12·1 answer
  • The nodes on the original internet system were ________. large corporations marketing companies educational institutions militar
    7·1 answer
  • The following data relate to labor cost for production of 3,600 cellular telephones: Actual: 2,430 hrs. at $14.5 Standard: 2,390
    5·1 answer
  • Which of the following is a generic term that denotes the broad range of possibilities of product​ attributes? A. Offering B. Va
    10·1 answer
  • at the end of the year, the walt disney company has a profit of $920 million. this profit belongs to which of the following grou
    15·1 answer
  • Which of the following will most likely give the most assurance concerning the valuation assertion about accounts receivable?A.
    8·1 answer
  • Step 1: Review the case study below. Dewey, Cheatham, and Howe are partners in a law firm operated as a general partnership. Dew
    9·1 answer
  • ___________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employ
    12·1 answer
  • On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage valu
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!