subject
Business, 08.07.2020 01:01 sushikaya1205

Holly uses a perpetual inventory system. Holly sells $3,500 of blue jeans. The customer later brings $420 of blue jeans back to Holly because they are defective. Those blue jeans had a cost of $140. The customer agrees to keep the blue jeans and Holly agrees to a $140 allowance. Which of the following is one of the entries that Holly will use to record the return? A. Debit Cash for $140 and credit Inventory for $140.B. Debit Inventory for $140 and credit Cash for $140.C. Debit Cash for $140 and credit Sales Revenue for $140.D. Debit Sales Revenue for $140 and credit Cash for $140.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:00
Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks
Answers: 1
question
Business, 22.06.2019 16:40
Based on what you learned about time management which of these statements are true
Answers: 1
question
Business, 22.06.2019 19:00
James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a:
Answers: 3
question
Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
You know the right answer?
Holly uses a perpetual inventory system. Holly sells $3,500 of blue jeans. The customer later brings...
Questions
question
Chemistry, 21.01.2022 02:30
question
Mathematics, 21.01.2022 02:30
question
Mathematics, 21.01.2022 02:30
Questions on the website: 13722367