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
bulgar [2K]
3 years ago
13

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. The cost of merchandise sold was $600. Which of the following will be recorded by Global Company in the journal entry for the refund from the cost of the sale?
Business
1 answer:
postnew [5]3 years ago
7 0

Explanation:

The journal entry is as follows:

Sales A/c Dr $900

    To Customer refund payable A/c $900

(Being the refund is recorded)

For recording this given entry, we debited the sales account and credited the customer refund payable account so that the proper positing could be done. Both the accounts are recorded at $900

You might be interested in
HOW IMPORTANT IS INNOVATION TO ENTREPRENEURSHIP?
faust18 [17]

Answer:

   Successful innovation allows you to add value to your business so that you can increase your profits—if you don't innovate well, your business will plateau. Innovation helps you stay ahead of the competition. With globalization and a rapidly changing market, there are more competing businesses than ever before.

<h2><u>Hope This Helped!</u></h2>

8 0
2 years ago
By state law, the local sales tax is fixed at no more than ______ percent of the value of the sale. Multiple choice question.
Anna007 [38]

State law in Texas posits that local sales tax cannot be more than<u> 2%</u> of the value of sale.

<h3>What does Texas state law say?</h3>

Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.

They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.

In conclusion, this is 2%.

Find out more on local sales taxes at brainly.com/question/802898.

3 0
2 years ago
encourage outsourcing of production units. protect domestic producers by limiting foreign competition. lower the prices of impor
NARA [144]

Answer:

lower the prices of imported components

Explanation:

In simple words, Job outsourcing allows American businesses to compete more effectively in the international economy. It enables them to advertise to international markets through their abroad operations. They keep labor costs cheap by recruiting in developing countries with poorer living conditions.  As a result, the pricing of the items they send back to the United States are lower.

4 0
3 years ago
The good feeling people get when they have done a job well is a(n) __________ reward.
scZoUnD [109]
Promising reward hope this helps :)
3 0
4 years ago
write atleast 2 policies that a company could use to decide which customers to offer credit to? hurry im in a rush to a bday par
Stolb23 [73]

Answer:

Companies could offer credit to customers who pay and have beneficial rewards.

Companies could also offer credits to senior citizens as a promotional thing

Explanation:

3 0
3 years ago
Other questions:
  • The other day you were searching for electronic music schools and visited some related sites. A few days later you were curious
    15·1 answer
  • Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000
    7·1 answer
  • Wildhorse Co. reported net income of $176,240 for 2017. Wildhorse Co. also reported depreciation expense of $34,330 and a loss o
    9·1 answer
  • Jared is a retail store employee. He is responsible for ensuring that the inventory requested from the manufacturer arrives as o
    14·1 answer
  • The following statement is true for which levels of government?
    6·2 answers
  • Marginal revenue__________.​
    8·1 answer
  • PLEASE HELP!! i’ll give brainliest
    9·2 answers
  • 1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, n
    12·1 answer
  • Identify the true statement in each of the three modules. Identify the true statement. Deregulation can describe removing govern
    8·1 answer
  • When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!