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I only need 17.17 answered, thanks. returned six tool sets and received a credit to its account. Instructions the original estimate of returns is correct.

image text in transcribedI only need 17.17 answered, thanks.

returned six tool sets and received a credit to its account. Instructions the original estimate of returns is correct. b. Indicate the income statement and balance sheet reporting by Steele at March 31, 2025, of the information related to the Barr sales transaction. E17.17(LO3) (Sales with Returns) Refer to the revenue arrangement in E17.16. Assume that instead of selling the tool sets on credit, that Steele sold them for cash. Instructions the original estimate of returns is correct. b. Indicate the income statement and balance sheet reporting by Steele at March 31,2025 , of the information related to the Barr sale

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