Ask Question
7 January, 09:51

Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following?

A. Debit Purchases for $500; credit Accounts Payable $500 B. Debit Purchases for $500; credit Purchases Returns and Allowances $500 C. Debit Accounts Payable/Suppliers Name for $500; credit Purchases Returns and Allowances for $500 D. Debit to Accounts Payable for $500, credit Purchases Discount for $500

+5
Answers (1)
  1. 7 January, 10:00
    0
    The answer should be c.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following? A. Debit ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers