Answer:
The correct options are<em> (B). Provide information about dissatisfied customers and the possibility of lost future sales and (D). Are usually recorded in separate contra-revenue accounts.</em>
<em />
<em>From the foregoing the Account Receivable should be credited with the full amount of the original sales transactions not debited as provided in option </em><em>"A." Represent a reduction of the customer's account receivable.</em>
Explanation:
<em>Sales Returns and Allowances is a contra-revenue account deducted from Sales</em>. When customers return goods for one unsatisfied reason or the other, adjustments are made to the sales account. Likewise, deductions to the original selling price are made when the customer accepts defective products.
<em>How to Record the Sales Return Transaction
</em>
<em>The following under-listed steps are to be taken to make the appropriate entries:</em>
- Debit sales returns and allowances by the selling price.
- Debit the appropriate tax liability account by the taxes collected on the original sale.
- Credit cash or accounts receivable by the full amount of the original sales transaction.
Answer:
there perspective that influences salcia they had not that much of stuff so the decided to trade.
once everyone figured what trade was they started to do it to
Explanation:
Anywhere between 35 thousand to 100 thousand USD a year
Answer and Explanation:
As we know that
The assets, expenses, and the dividend contains the debit normal balance while the liabilities, revenues and the stockholder equity contains the credit normal balance
Based on this, the classification are as follows
Particulars Debit Effect Credit Effect Normal Balance
(1) Salaries and Wages Expense Increase Decrease Debit
(2) Accounts Receivable Increase Decrease Debit
(3)Service Revenue Decrease Increase Credit
(4) Dividends Increase Decrease Debit
(5 Retained Earnings Decrease Increase Credit