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Which of the following accounts is NOT used to account for merchandise sales transactions? Sales Sales Tax Payable Sales Returns and Allowances Accounts Payable
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Asked 4/7/2014 5:14:01 AM
Updated 6/8/2014 10:03:40 PM
1 Answer/Comment
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Flagged by WeeCHEN [6/8/2014 10:03:40 PM]
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User: Which of the following accounts is NOT used to account for merchandise sales transactions? Sales Sales Tax Payable Sales Returns and Allowances Accounts Payable

Weegy: Sales Returns.
Danaablare|Points 35|

Question
Asked 4/7/2014 5:14:01 AM
Updated 6/8/2014 10:03:40 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/8/2014 10:03:40 PM]
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Accounts payable is NOT used to account for merchandise sales transactions.
Added 6/8/2014 10:03:34 PM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/8/2014 10:05:48 PM], Rated good by debnjerry
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On any given day, it is unlikely that the balance in the cash account on the depositor's books will be the same as the bank balance. True False
Weegy: TRUE. On any given day, it is unlikely that the balance in the cash account on the depositor's books will be the same as the bank balance. [ ] (More)
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Updated 10/25/2014 3:02:34 AM
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