Question
The entry to record a sale of $ 500 with an estimated return rate of 2 % will include a A)credit to Sales for $
The entry to record a sale of $ 500 with an estimated return rate of 2 % will include a
A)credit to Sales for $ 490 .
B) debit to Sales for $ 10 .
C) credit to Accounts Receivable for $ 490 .
D) debit to Refund Liability for for $ 10 .
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
