The freight cost incurred by a seller to deliver goods sold to a customer is called When a customer returns merchandise previously purchased on credit, the entry to record the return requires a debit to the account and a credit to the account. Sales Returns and Allowances and Sales Discounts are both accounts and have e normal balances that provides written Every sales transaction should be supported by a evidence of the sale Gross profit is obtained by subtracting from Income from operations is determined by subtracting total operating expenses from