Question

The entry to record the return of merchandise from a customer would include a

The entry to record the return of merchandise from a customer would include a

Homework Answers

Answer #1
The entry to record the return of merchandise from a customer would include a
Debit to Sales Returns  
and
Credit to Accounts Receivable
(Assuming sales was made on account. If sales was for Cash, the accounts receivable will be replaced with cash)
Example- Merchandise Return of $ 1000
Account titles and explanations Debit Credit
Sales Returns $       1,000
Accounts Receivable $       1,000
(To record merchandise returned from customer)
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