Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on june 12, crane company returned $730 of merchan

On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on...

50.1K

Verified Solution

Question

Accounting

On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on account. Prepare the journal entry to record the return on Crane Company's books. Crane uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Jun. 4 Debit Credit
image
On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on account. Prepare the journal entry to record the return on Crane Company's books. Crane uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

1. Give a original example of Mcdonalization of society and explain why is it an example 2....

General Management
1.2K views

discuss how using a Gantt chart in a project charter can be an effective method in...

Statistics
1.2K views

In a survey 37 of the respondents stated that they talk to their pets on...

Statistics
1.2K views

esc 12 AKS 30 The graph of the function h x 2 x 1 is...

Algebra
1.2K views

Translate the following figure using vector 2 1 Choose the coordinates of the vertices of...

Accounting
1.2K views

Explain (120150 words) triple bottom line principles used in work planning. (Please type up your...

Accounting
1.2K views

True or false, Ethical arguments are rarely used in careers such information technology or law?

Accounting
1.2K views

Mr. and Mrs. Sampras have three children. The ages of the children are 4, 9,...

Accounting
1.2K views

On January 1, Year 1, Carrot, an individual, paid $17,200 for 5 percent of the...

Accounting
1.2K views

The inventory records of Cyrus Inc. showed the following data for its merchandise inventory. Date...

Finance
1.2K views

2. Cash flow matching vs. Immunization A pension manager must fund a series of payments....

Finance
1.2K views

Question Completion Status: Close Window & Moving to another question will save this response LES...