Which of the following would require a compound journal entry?
A) To record merchandise returned that was previously purchased on account.
B) To record sales on account.
C) To record purchases of inventory when a discount is offered for prompt payment.
D) To record collection of accounts receivable when a cash discount is taken.

Question

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The Answer of Which of the following would require a compound journal entry?
A) To record merchandise returned that was previously purchased on account.
B) To record sales on account.
C) To record purchases of inventory when a discount is offered for prompt payment.
D) To record collection of accounts receivable when a cash discount is taken.

Which of the Following Would Require a Compound Journal Entry