Mel's Art studio was moving and sold furniture that was no longer needed for cash. The entry would include:
A) a credit to Sales.
B) a debit to Sales.
C) a credit to Furniture.
D) a credit to Cash.
Correct Answer:
Verified
Q35: A wholesale customer returned merchandise having already
Q36: Net Sales equals Gross Sales - Sales
Q37: The contra-revenue accounts include:
A) Sales Tax Payable.
B)
Q38: Monica's Closet received payment in full within
Q39: Sara's Jewelry sold 40 necklaces for $35
Q41: Compare and discuss a discount period versus
Q42: Sales Returns and Allowances is a contra-sales
Q43: For each of the following, identify in
Q44: Calculate gross sales:
net sales = $100,000
sales returns
Q45: The Sales Returns and Allowances account is
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