Copper, Inc purchased merchandise worth $1,800 on credit, terms n/30 and returned merchandise worth $200 on next day. What is the required journal entry to record the merchandise returns under the periodic inventory system?
A) Accounts Payable 200 Purchases Returns and Allowances 200
B) Accounts Payable 200 Merchandise Inventory 200
C) Merchandise Inventory 200 Purchases Returns and Allowances 200
D) Purchases Returns and Allowances 200 Merchandise Inventory 200
A
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Research has found that women tend to have a leadership style that is more participative, interactional, and relational, with greater levels of ______ intelligence and empathy, than is the case for men.
Fill in the blank(s) with the appropriate word(s).
Jenna is fifteen years old. Under the Fair Labor Standards Act, Jenna cannot work
A. in the entertainment industry. B. in a hazardous occupation. C. for her parents. D. in the delivery of newspapers.
Archer Daniels Midland Co. (ADM) is the world's largest cocoa-bean processor. It buys cocoa beans and converts them into cocoa powder and cocoa butter, which it then sells to companies like Hershey's that manufacture consumer products containing chocolate. ADM is operating in a(n) ________ market.
A. consumer B. service C. industrial D. reseller E. government
Fireside Inc. has the following data. What is the firm's cash conversion cycle? Inventory conversion period =38 days Average collection period =19 days Payables deferral period =20 days
A. 33 days B. 37 days C. 41 days D. 45 days E. 49 days