All categories

3 years ago

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.

You might be interested in

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Law Incorporation [45]

This question is incomplete! here is the complete question with answer!

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Quantity A : Number of different combinations possible

Quantity B : 25

A The quantity in Column A is greater

B The quantity in Column B is greater

C The two quantities are equal.

D The relationship cannot be determined from the information given.

Answer:

A The quantity in Column A is greater

Explanation:

Lets first analyze the number of different combinations possible!

To find out the combinations we use the following formula:

The number of ways to choose a sample of r elements from a set of n distinct objects where order does not matter.

$nCr=\frac{n!}{r!(n-r)!}$

Car X can have these 5 features: sunroof, stereo, tinted windows, leather seats and cruise control.

Car X has 2 options for each feature: Included or Not included

If car X has no feature at all then:

$5C0=\frac{5!}{0!(5-0)!}=\frac{5!}{0!*5!}=1$

If car X has 1 feature included then:

$5C1=\frac{5!}{1!(5-1)!}=\frac{5!}{1!*4!}=5$

If car X has 2 features included then:

$5C2=\frac{5!}{2!(5-2)!}=\frac{5!}{2!*3!}=10$

If car X has 3 features included then:

$5C3=\frac{5!}{3!(5-3)!}=\frac{5!}{3!*2!}=10$

If car X has 4 features included then:

$5C4=\frac{5!}{4!(5-4)!}=\frac{5!}{4!*1!}=5$

If car X has all of the 5 features included then:

$5C5=\frac{5!}{5!(5-5)!}=\frac{5!}{5!*0!}=1$

Now sum all the possible combinations: 1+5+10+10+5+1=32

So, quantity A is 32 and quantity B is 25

Therefore, we can conclude that the quantity in column A is greater

8 0

3 years ago

Domain names that end in .edu are:

marysya [2.9K]

Edu means education so normally it is a college or other school website

6 0

3 years ago

By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consump

CaHeK987 [17]

Answer:

discontinuous innovation

Explanation:

The discontinuous innovations bring totally new to the world products that are so different from products that already exist that they reshape consumers habits and therefore markets. For example, the personal computer changed the way we live and work.

7 0

3 years ago

At Onyx incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Ot

PIT_PIT [208]

Answer:

A $660,030

Explanation:

Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit

Therefore,

Total cost of units completed and transferred out = 117,000

5 0

3 years ago

One of the most important features of the franchise contract is the provision related to

DanielleElmas [232]

The right answer for the question that is being asked and shown above is that: "a. the sale or transfer of the franchise to a government entity." One of the most important features of the franchise contract is the provision related to <span>a. the sale or transfer of the franchise to a government entity.</span>

6 0

3 years ago