On November 2, 2022, Crane Company has cash sales of $6040 from merchandise having a cost of $3540. The entries to record the day's cash sales will include: O a $3540 credit to Cost of Goods Sold. O a $6040 debit to Accounts Receivable. O a $3540 credit to Inventory. O a $6040 credit to Cash.

A customer returns $870 worth of merchandise and receives a full refund. What accounts recognize this sales return (disregarding the merchandise condition entry) if the return occurs before the customer remits payment to the retailer? A. accounts receivable, sales returns and allowances B. accounts receivable, cash C. sales returns and allowances, merchandise inventory D. accounts receivable, cost of goods sold

A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer? A. $1,250 B. $1,200 C. $50 D. $500

Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal

On November 2, 2022, Swifty Company has cash sales of $6050 from merchandise having a cost of $3600. The entries to record the day's cash sales will include: a $6050 debit to Accounts Receivable. • a $3600 credit to Cost of Goods Sold. a $3600 credit to Inventory. ● a $6050 credit to Cash.

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StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of September 2020: Sept.   3 Purchased merchandise on credit for $6,200 from Pacer Co.     7 Sold merchandise on credit to J. Namal for $1,800, subject to a 2% sales discount if paid by the end of the month. Cost, $1,000.     9 Borrowed $5,500 by giving a note to the bank.     13 The owner, Dale Trent, invested an additional $7,000 cash into the business.     18 Sold merchandise to B. Baird for $460 cash. Cost, $280.     22 Paid Pacer Co. $6,200 for the merchandise purchased on September 3.     27 Received $1,764 from J. Namal in payment of the September 7 purchase.     30 Paid salaries of $3,200. Journalize the September transactions that should be recorded in the Cash Receipts Journal, assuming the perpetual inventory system. (Enter transactions in order)  Image attached…

Subject - account  Please help me.  Thankyou.

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Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchandise with an invoice amount of $8,000 and received full credit. If Elkhorn Company pays the invoice within the discount period, what is the amount of cash required for the payment? What account is debited by Elkhorn Company to record the return?