Answer:
a. Accounts Payable—Smith Co.; Merchandise Inventory
Explanation:
We assume that Jones Co. purchased merchandise on account.
In order to record the purchase returns we do the following,
Smith Co, debit, since this is a payable account and credit by nature, we debit it to reduce the balance payable amount by the amount of inventory returned.
We also credit out merchandise inventory, since it is reduced and no longer has the returns accumulated.
Option A is the right answer.
Hope that helps.
Answer:
D. cognitive conflict
Explanation:
Cognitive conflict is a kind of conflict that arises due to someone who tends to provide information different from the one believed by the individual. Basically when one tries to alter the perception an individual has towards any kind of topic and that the belief is tried to be changed by providing extra information, then the individual might get into "cognitive conflict".
As the conflict does not result in any kind of permanent differences but rather just for that particular topic the individual feels to be in different opinion.
Try to find a mortgage to buy a house
Current market conditions
Answer:
d. a copy of a receiving report is sent to the cashier
Explanation:
In the case of the horizontal flows with respect to the account payable or cash disbursements, it involved the invoice i.e. collected from the vendor, the voucher i.e. returned and the approved disbursement voucher is sent to the cashier but it does not involve the receiving report that sent to the cashier
Therefore the correct option is d.
