A customer returns merchandise to us; they have not paid us for the item yet, so we reduce the amount they owe us as Accounts Receivable Question 7 options: Estimates Invoice Receive payment Sales receipt Bank deposit Credit memo Refund receipt Purchase order Bill Pay bills Vendor credit Check Expense Pay down credit card Payroll Single time activity Transfer Inventory quantity adjustment

Answer rating: 100% (QA)

The correct option to reduce the amount owed by a customer for returned merchandise is Credit memo ... View the full answer