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Required information sessment Tool iFrame information applies to the questions displayed below. ] a . On October 1 , the Business Students' Society ( BSS
Required information sessment Tool iFrame information applies to the questions displayed below. a On October the Business Students' Society BSS placed an order for golf shirts at a unit cost of $ under terms b The order was received on October but some golf shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken using the gross method c On October golf shirts were returned to the supplier. d On October BSS complained the remaining golf shirts were slightly defective so the supplier granted a $ allowance. e BSS paid for the golf shirts on October During the first week of October, BSS received student and faculty orders for golf shirts, at a unit price of $ on terms The golf shirts were delivered to these customers on October Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance see and Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken using the gross method h On October onehalf of the golf shirts were returned by customers to BSS i On October an allowance was given on account equal to $ per shirt for the remaining shirts. j The customers paid their remaining balances on the last day of the month, October No further returns are expected. Required: For each of the events a through j indicate the amount and direction of the effect for increase, for decreaseEnter any decreases to account balances with a minus sign.
Required information
sessment Tool iFrame information applies to the questions displayed below.
a On October the Business Students' Society BSS placed an order for golf shirts at a unit cost of $ under terms
b The order was received on October but some golf shirts differed from what had been ordered. Uncertain whether
the shirts would be returned or kept, BSS decided to record any purchase discount only when taken using the gross
method
c On October golf shirts were returned to the supplier.
d On October BSS complained the remaining golf shirts were slightly defective so the supplier granted a $
allowance.
e BSS paid for the golf shirts on October
During the first week of October, BSS received student and faculty orders for golf shirts, at a unit price of $ on
terms
The golf shirts were delivered to these customers on October Unfortunately, customers were unhappy with the golf
shirts, so BSS permitted them to be returned or given an allowance see and Uncertain whether customers would
keep or return the shirts, BSS decided to record any sales discount only when taken using the gross method
h On October onehalf of the golf shirts were returned by customers to BSS
i On October an allowance was given on account equal to $ per shirt for the remaining shirts.
j The customers paid their remaining balances on the last day of the month, October No further returns are expected.
Required:
For each of the events a through j indicate the amount and direction of the effect for increase, for decreaseEnter any
decreases to account balances with a minus sign.
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