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6. Consider the following facts related to a sale made by Two Bros Company: March 1st: Two Bros receives an order from a customer March
6. Consider the following facts related to a sale made by Two Bros Company: March 1st: Two Bros receives an order from a customer March 6th. The customer receives the goods, along with the bill indicating they should pay Two Bros $100 within 14 days (no discount is offered) March 17th. The customer puts the payment in the mail March 19: Two Bros receives full payment of $100 from the customer Part 1: On which date should Two Bros recognize Sales Revenue (3.5 points): a. March 1 b. March 6 c. March 17 d. March 19 Part 2: If the customer subsequently returned the goods for a full refund, what journal entry would Two Bros record? (Disregard the Inventory and COGS impact); 2 points
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