Answer:
nothing nothing nothing nothing
Explanation:
nothing
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:
What? Sorry, but what is your question?
Explanation:
i would think every one of them expect for 1 and 4.. Because 4 is just something we all learn
At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
