C Question 3 Which of the following statements is correct? O After vendor's invoice is validated, the general ledger will increase accounts payable balance. O After sales order is created, the general ledger will increase sales balance. O After customer payment is received, the general ledger will decrease cash balance. O After billing is performed, the general ledger will increase cash balance. O After purchase order is created, the general ledger will increase inventory balance.

A receiving report is filled out when we receive: An inventory shipment from a vendor. Items that a customer is authorized to return from a previous sale. A payment on a customer's account. a and b only. Answer is not the First option!

If a customer purchases merchandise on credit and returns the defective merchandise beforepayment, what accounts would recognize this transaction?A. sales discount, cashB. sales returns and allowances, cashC. accounts receivable, sales discountD. accounts receivable, sales returns and allowances

6. Discuss the inventory policies of Nordstrom to that of other department or retail stores.  Does this policy impact customer service?