Assuming a periodic inventory system is used, the entry to record a purchase of merchandise on credit includes

a debit to Purchases and a credit to Accounts Receivable.

a credit to Purchases and a credit to Accounts Payable.

a debit to Accounts Payable and a credit to Purchases.

a debit to Purchases and a credit to Accounts Payable.

Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $5,056 as of November 1. During November, Tune Tones purchased merchandise from Mandy Lynn totaling $8,695 and made payments on account to Mandy Lynn in the amount of $7,450. The amount Tune Tones owes Mandy Lynn on November 30 is:

1- The entry to record a return by a credit customer of defective merchandise on which no sales tax was charged includes

A a debit to Sales and a credit to Accounts Receivable.

B a debit to Sales and a credit to Sales Returns and Allowances.

C a debit to Sales Returns and Allowances and a credit to Accounts Receivable.

D a debit to Accounts Receivable and a credit to Sales Returns and Allowances.

1- All of the following are situations that can affect our customers' businesses that could cause their accounts receivable on our books to become uncollectible, except

A unexpected business developments.

B efficient business practices.

C errors of judgment.

D incorrect financial data.