Returned merchandise under the periodic inventory method. This will be recorded with:________

Question

18-08-2022
Business

contestada

Returned merchandise under the periodic inventory method. This will be recorded with:________

Respuesta :

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

The lifetime (in hours) of a 60-watt light bulb is a random variable that has a Normal distribution with σ = 30 hours. A random sample of 25 bulbs put on test p

CommercialServices Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales $ 2,280,000 Net

[He] let his gaze wander to the swirling water of the stream racing madly beneath his feet. A piece of dancing driftwood caught his attention and his eyes follo

What led to the survival and expansion of the Virgini colony?

What’s a synonym for control group

All of the following are suggested health promotion practices for Asian Americans except: A. Ensure good communication by thorough explanation and language tran

Who best exemplifies the traits of a lifelong learner? A. Elvira has a high school diploma; she is content with her job at the local florist, and she has no fu

She was the most prolific painter I have ever met. She painted numerous major paintings each year and exhibited hundreds in several important galleries. Which w

The control of gene expression is critical to all living organisms. The amino acid tryptophan is important for making many proteins. When there is plenty of try

Write a related subtraction fact for 5+7=12

aarinimishra75 aarinimishra75 · Answer 1 · 2022-08-26T12:51:01+02:00

Returned merchandise under the periodic inventory method. This will be recorded with debit to accounts payable and a credit to purchases returns and allowances.

What is inventory?

The term inventory refers to the company are ready to sell the merchandise, goods, and services and the earn profit. The company used the raw material are converted into the finished goods.

The term periodic inventory refers to the sold the item and record by the periodically. The transactions effect are entries on the financial account. The entry of the returned merchandise are debit to accounts payable and a credit to purchases returns and allowances.

As a result, the periodic inventory are record on the book as debit to accounts payable and a credit to purchases returns and allowances.

Learn more about on inventory, here:

https://brainly.com/question/14184995

#SPJ4

Your question is incomplete, but most probably the full question was.

A. debit to Accounts Payable and a credit to Purchases Returns and Allowances.

B. debit to Merchandise Inventory and a credit to Purchases.

C. credit to Accounts Payable and a debit to Merchandise Inventory.

D. debit to Accounts Payable and a credit to Merchandise Inventory.