Solved

Ables Budget Boutique Uses Special Journals

Question 56

Multiple Choice

Ables Budget Boutique uses special journals.If a credit customer returns $40 of goods on which $3 of sales tax was charged,identify the statement below that would be correct when posting the transaction.


A) A debit of $43 would be posted to the customer's account in the accounts receivable ledger.
B) A debit of $40 would be posted to the customer's account in the accounts receivable ledger.
C) A credit of $40 would be posted to the customer's account in the accounts receivable ledger.
D) A credit of $43 would be posted to the customer's account in the accounts receivable ledger.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents