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Shtirlitz [24]
3 years ago
10

When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a:____

Business
1 answer:
Gwar [14]3 years ago
7 0

Answer:

c. Debit to Cash and a credit to Merchandise Inventory

Explanation:

When a buyer returns goods these are return outwards,

The correct entries to record them would be to debit cash as goods have been returned and credit the merchandise purchased so,

Debit cash account with the amount of goods returned

Credit Merchandise inventory with the amount of goods returned.

Hope that helps.

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