When a customer uses a credit card such as MasterCard or VISA to buy merchandise in a store, the store owner records the sale as a/an ______________________. Group of answer choices cash sale. debit to sales and a credit to cash. credit to accounts receivable. a credit sale and debits the customer's accounts receivable account.
When a customer uses a credit card such as MasterCard or VISA to buy merchandise in a store, the store owner records the sale as a/an ______________________. Group of answer choices cash sale. debit to sales and a credit to cash. credit to accounts receivable. a credit sale and debits the customer's accounts receivable account.
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 4MC: If a customer purchases merchandise on credit and returns the defective merchandise before payment,...
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When a customer uses a credit card such as MasterCard or VISA to buy merchandise in a store, the store owner records the sale as a/an ______________________.
Group of answer choices
cash sale.
debit to sales and a credit to cash.
credit to accounts receivable .
a credit sale and debits the customer's accounts receivable account.
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