Wheres the answer choices.
Answer:
For X-Men, the Sales Discount should be recorded at the estimated discount amount that will be taken by the X-Men's customers, which is calculated as: $1,000 * 2% = $20.
The adjusting for sales discount X-Men should be recorded as followed:
Dr Sales Discount 20
Cr Allowance for Sales Discount 20
( to record the estimated sales discount taken)
in which, Sales Discount is a contra-revenue account which helps to record the Net Sales amount from the Gross Sales amount.
Explanation:
I think its D). Philanthropy means the love of mankind. In this case an allowance means you generously giving money to your child because you care about them and their happiness. a paycheck means you care for your employees, and gifts come from the heart.
Answer:
the answer is D "Be conservative" on edge 2022
Explanation:
hope this helps :)
