Business, 07.03.2020 04:46 ghari112345
Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company refunded Montana Industries $900 for returned merchandise. The cost of merchandise sold was $600. Which of the following will be recorded by Global Company in the journal entry for the refund from the sale?
A. debit to Customer Refunds Payable, $900
B. credit to Accounts Receivable, $600
C. credit to Customer Refunds Payable, $900
D. debit to Cash, $600
Answers: 2
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Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold...
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