O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2020 · Q81 Mark
Sue allows 2% cash discount to credit customers who settle their account within 28 days. Jane purchased goods, list price $200, on 10 September. She returned these goods on 15 September. Which entry would Sue make on 15 September?
Apurchases returns journal $196
Bpurchases returns journal $200
Csales returns journal $196
Dsales returns journal $200
✓ Correct answer
D: sales returns journal $200
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