Answer:
The Journal entries are as follows:
(i) Sales revenue A/c Dr. $900
To Cash $900
(To record the correction in sales revenue)
(ii) Merchandise Inventory A/c Dr. $200
To Cost of Goods sold $200
(To record the merchandise returned)
Note:
(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.
(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.
Answer:
Third one....The interest rate on your savings account will vary over time and be set by the government
Earn interest at a norminal rate.
Answer: To be eligible for partial benefits, you must work at least 80% of the hours required for the employment. If you worked a 40-hour week, for example, you won't be eligible for benefits if you work more than 32 hours.
Explanation: See above.
Have a good day.
Savings account cause you will save money for the future
In a way, everyone is completely and equally free when spending their money. However, this could be argued because some have more money than others. You are free to do what you want with the funds available to you.
