When goods are returned that relate to a prior cash sale
A) the Sales Returns and Allowances account should not be used.
B) the cash account will be credited.
C) Sales Returns and Allowances will be credited.
D) Accounts Receivable will be credited.
Correct Answer:
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Q90: Sales Returns and Allowances is increased when
A)
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A) may be recorded before cash
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Q99: The journal entry to record a credit
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A)
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