sammilower04
16.10.2020 •
Business
A credit granted to a customer for returned goods requires a debit to a. Accounts Receivable and a credit to a contra-revenue account. b. Cash and a credit to Sales Returns and Allowances. c. Sales Revenue and a credit to Cash. d. Sales Returns and Allowances and a credit to Accounts Receivable.\
Solved
Show answers
More tips
- S Style and Beauty How to choose the best mascara for your eyelashes...
- F Food and Cooking Discover Delicious Recipes You Can Make with Ground Meat...
- C Computers and Internet Google Search Tips and Tricks: Everything You Need to Know...
- S Science and Technology Why is there no gravity on other planets?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
Answers on questions: Business
- B Business Why are websites operated by recognized print publishers, such as newspapers and journals, generally accurate and reliable? a. they only have one or two web pages and take more time...
- B Business are defined as external areas where there are favorable demand trends, customer needs and wants are not being satisfied, and where a company thinks it can compete effectively....
- B Business Vista Incorporated just paid its first annual dividend of $.87 a share. The firm plans to increase the dividend by 3.2 percent per year indefinitely. What is the firm s cost of equity...
- B Business Negative externalities occur when one person s actions a. cause his or her employer to lose business. g...
- B Business What are the fractors of production? (Business class)...
- B Business (b) Now suppose that Academy decides to charge subscription fees for access to the new videos produced by the project and it manages to collect $1.25 million from subscribers each...
- B Business Nike has collaborated with a small number of specific stores in which they release their line of SB Skateboarding shoes. One of those stores is Goods, located in downtown Seattle....
- B Business The product managers and developers for GlobalMovers have spent considerable effort to improve the performance of the website. Now they are trying to determine the best way to measure...
- B Business A student purchases a concert ticket for $50. Before entering the concert, the student is offered $75 for the ticket. If the student decides to keep the ticket and attend the concert,...
- B Business Hazmat Services, Inc. used extreme care when transporting chemicals from a toxic cleanup site. However despite its precautions, chemicals spilled onto the roadway during transport....
Ответ:
d. Sales Returns and Allowances and a credit to Accounts Receivable.
Explanation:
The entry to record credit granted to customer entails :
Decrease the Assets of Accounts Receivable (credit entry) and Decrease the Sales Revenue (debit entry).
The Recognition of Sales Return and Allowance decreases Sales Revenue.
Ответ: