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For the merchant, bank credit card sales are treated in a manner similar to (Points : 3) sales on account. cash sales. installment sales. layaway sales.
For the merchant, bank credit card sales are treated in a manner similar to Answer A. sales on account.
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User: For the merchant, bank credit card sales are treated in a manner similar to

User: For the merchant, bank credit card sales are treated in a manner similar to (Points : 3) sales on account. cash sales. installment sales. layaway sales.

Weegy: For the merchant, bank credit card sales are treated in a manner similar to Answer A. sales on account.
nami008|Points 122|

User: Which of the following accounts is NOT used to account for merchandise sales transactions? (Points : 3) Sales Sales Tax Payable Sales Returns and Allowances Accounts Payable

Weegy: Please list the options.
innersource|Points 7405|

User: Which of the following accounts is NOT used to account for merchandise sales transactions? (Points : 3) 1. Sales 2. Sales Tax Payable 3. Sales Returns and Allowances 4. Accounts Payable

Weegy: What are the options to choose from?
innersource|Points 7405|

User: sales Sales Tax PayableSales Returns and Allowances Accounts Payable

Weegy: Accounts is NOT used to account for merchandise sales transactions is Sales Returns and Allowances.
Expert answered|petitemonde|Points 90|

User: thank you

Weegy: No problem! If you have any other questions, feel free to ask!
Expert answered|petitemonde|Points 90|

User: 5. A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. (Points : 3)

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Asked 7/6/2013 9:35:09 AM
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bren leases an apartment from cris for one year. after two months, she sublets the premises for the next six months to dee, without obtaining chris's consent. dee pays the rent for only four months. for the last two months of dee's six-month term, bren is:
Weegy: Bren leases an apartment from Cris for one year. after two months, she sublets the premises for the next six months to Dee, without obtaining Chris's consent. dee pays the rent for only four months. [ for the last two months of Dee's six-month term, Bren is: liable for the rent, because the sublease lacked Cris's consent. ] (More)
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Asked 7/5/2013 2:39:00 PM
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5. A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. (Points : 3)
Weegy: A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. True. (More)
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Asked 7/6/2013 9:43:44 AM
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cash discounts. trade discounts. manufacturers' discount. customers' discounts.
Weegy: Special discounts from list prices, granted by manufacturers to different classes of customers, are known as customers' discounts. (More)
Question
Expert Answered
Updated 7/6/2013 9:56:46 AM
2 Answers/Comments
The sales account is debited for the selling price of merchandise sold during the period. This is FALSE. The Sales Account is credited for the selling price of merchandise sold during the period.
Added 7/6/2013 9:54:08 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [1/26/2014 1:04:30 PM]
Special discounts from list prices, granted by manufacturers to different classes of customers are known as TRADE DISCOUNTS.
Added 7/6/2013 9:56:46 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [1/26/2014 1:04:31 PM]
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