Torber bought goods from Kole Company. The next day, Torber returned the goods because they had a defect. Kole Company would record this as a(n)
A) sales return.
B) sales discount.
C) purchase discount.
D) purchase return.
E) abnormal sale.
Correct Answer:
Verified
Q1: The account that is credited for every
Q2: The individual amounts in the Accounts Payable
Q5: The total of the customer accounts receivable
Q6: Amounts are posted individually from the purchases
Q8: Entries in the purchases journal are posted
Q11: Assuming the use of special journals, the
Q12: Which of the following is recorded in
Q13: Match the terms that follow with the
Q15: The purchases journal is used for the
Q16: A one-column sales journal may be used
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