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explain in jot notes for each part What is the benefit for a business that records Sales Discounts and Sales Returns and Allowances in separate

image text in transcribedexplain in jot notes for each part

What is the benefit for a business that records Sales Discounts and Sales Returns and Allowances in separate accounts instead of directly in the Sales account? Keep your answer short and concise. 2) journe mart ntetd If a business notices that their Shrinkage value is relatively high at year end what sorts of issues might they be concerned with? Keep your answer short and concise. 3) ander o sare a discount 4) On Oct 4th, 2016, Nylander Co. purchased merchandise for resale for $12,000 with the terms of 5/10, n/60. If Nylander Co. borrowed the full amount on the last day of the discount period from Bank of Matthews, and paid back the loan on the last day of the credit period, how much did Nylander Co. save? (assume annual interest rate of 6.5%) (N400 1oo)x 6.5-365

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