Debit refund accountCredit cash / bank
Cash a/c to debtors a/c
[Debit] Cash 300 [Credit]Purchased returns 300
debit cashcredit accounts receivable
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
debit bankcredit cash
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
[Debit] Cash [Credit] Donations
Debit accounts payableCredit cash
debit cash credit bank
debit depreciationcredit cash
Debit petty cashCredit cash / bank