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4.) The following journal has what impact on net income? Sales Returns XXX Refund Liability XXX A. Increase B. Decrease C. No impact D. There

4.) The following journal has what impact on net income? Sales Returns XXX Refund Liability XXX A. Increase B. Decrease C. No impact D. There is no such accounts.

5.) The following journal has what impact on retained earnings? Sales Returns Refund Liability XXX A. Increase XXX B. Decrease C. No impact D. There is no such accounts

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