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do it now 6. The normal balance of the following accounts is a debit: A. Sales discounts and interest revenue. B Sales returns and allowances
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6. The normal balance of the following accounts is a debit: A. Sales discounts and interest revenue. B Sales returns and allowances and purchase discounts. C. Sales returns and allowances, cost of goods sold. D. Transportation in and income summary O E Cost of goods sold, and purchase discounts 7. On April 4, Fashion Central Suppliers (FC) sold sweaters to one of its customers for $62.000 on credit terms of 3/15, net 30. On April 8, the customer contacted FC to say that the sweater colours did not match their original order. FC reached an agreement with the customer to keep the shipment and FC granted the customer a price reduction of $5,000. The customer paid the outstanding bill on April 15. The journal entry to be made by FC on April 15 is: A Debit Sales Returns and Allowances $5,000; Credit Accounts Receivable $5,000 B. Debit Accounts Receivable $60.140: Credit Sales Revenue S60,140 C. Debit Cash $60,140; Credit Accounts Receivable $60,140 D Debit Cash $55.290; Debit Sales Discounts $1.710; Credit Accounts Receivable $57.000 citra 67 -nahi Caloo ninunte Orrorir Arnt Darashla L M FIO Pro 5 6 & 7 8 ( 9 o Il + Be IT 1 O P IG H J K 3 B N MStep by Step Solution
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