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when a buyer returns merchandise purchased for cash, the buyer will record the transaction as a
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A retailer returns $400 worth of inventory to a manufacturer and receives a full refund. What accounts recognize this return before the retailer remits payment to the manufacturer? A. accounts payable, merchandise inventory B. accounts payable, cash C. cash, merchandise inventory D. merchandise inventory, cost of goods sold
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Auction Buyer's Premium will vary per auction. Please review payment details on each auction. By placing a bid, you accept all terms. PAYMENT TERMS... Cash, Cashier’s Check & Bank Wire only. NO PERSONAL OR BUSINESS CHECKS, NO CREDIT OR DEBIT CARDS Please make all Cashier’s Checks payable to "Werner Auction Group Inc./(DBA) BID-2-BUY".
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The Sellers DO NOT provide transportation for buyers to remove their merchandise. Shipping is Available, Please Call Ciara at 701-566-2005 for a Quote. Any and all methods of towing and/or hauling, as well as all other methods or requirements for the removal and transport of the Equipment, is the sole responsibility of the buyer.
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Chapter 5 Accounting Flashcards | Quizlet
When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a a. debit to Inventory; a credit to Cash b. debit to Cash; a credit to Inventory c. debit to Cash; a credit to Sales d. debit to Sales; a credit to Accounts Payable
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