ABC Company had the following transactions during March 2020: On March 2, the company sold merchandise...

  

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ABC Company had the following transactions during March 2020: On March 2, the company sold merchandise to LEYA Company for $10,000, terms 2/12, n/30. On March 5, LEYA Company returned merchandise to ABC Company worth $3,000. On March 14, LEYA Company paid the full amount due to ABC Company. . . The entry of March 2 transaction, in the books of ABC Company, will include a debit of cash of $10,000. True False The entry of March 5 transaction, in the books of ABC Company, will include a credit of sales return of $3.000. * O True False The entry of March 5 transaction, in the books of ABC Company, will include a credit of sales return of $3,000. True False The entry of March 14 transaction, in the books of ABC Company, will include a debit of cash $7,000. True O False Back Next Never submit passwords through Google Forms This form was created inside of Lebanese international University Report Abuse Page 2 of 5 ABC Company had the following transactions during March 2020: On March 2, the company sold merchandise to LEYA Company for $10,000, terms 2/12, n/30. On March 5, LEYA Company returned merchandise to ABC Company worth $3,000. On March 14, LEYA Company paid the full amount due to ABC Company. . . The entry of March 2 transaction, in the books of ABC Company, will include a debit of cash of $10,000. True False The entry of March 5 transaction, in the books of ABC Company, will include a credit of sales return of $3.000. * O True False The entry of March 5 transaction, in the books of ABC Company, will include a credit of sales return of $3,000. True False The entry of March 14 transaction, in the books of ABC Company, will include a debit of cash $7,000. True O False Back Next Never submit passwords through Google Forms This form was created inside of Lebanese international University Report Abuse Page 2 of 5

Answer rating: 100% (QA)

Date March 2 March 5 March 14 1 False 2 True Particulars Accounts ... View the full answer