Answer:
The journal entries are as follows:
(a) On July 16,
Account receivable A/c Dr. $1,200
To sales revenue $1,200
(To record Sales)
Cost of goods sold A/c Dr. $720
To Inventory $720
(To record cost of goods sold)
(b) On July 19,
Sales return and allowance a/c Dr. $200
To Account receivable $200
(To record sales return)
Inventory A/c Dr. $120
To Cost of goods sold $120
(To record cost of goods return)
(c) On July 22,
Cash (1,000 × 98%) A/c Dr. $980
Sales discount A/c Dr. $20
To Account receivable $1,000
(To record amount received)
B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
On an organization's board of directors, inside directors <span>may be members of the firm; outside directors </span><span>are supposed to be elected from outside the firm.</span>
The board of directors is responsible for keeping the organization’s vision, mission, and strategic planning goals. Duties of boards include: <span>choosing the CEO, approving major policies, making major decisions, overseeing performance<span>, and serving as external advocate.</span></span>
Included in the GDP of the Canada.: Honda assembly and sale of cars in the U.S
<h3>What is
GDP?</h3>
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced by countries in a given time period. Because of its complex and subjective nature, this metric is frequently revised before it can be considered a reliable indicator.
Consumption, investment, government spending, exports, and imports are the components of GDP calculated using the expenditures approach.
From 1996 to 2022, India's GDP Growth Rate averaged 1.63 percent, with a high of 24.80 percent in the third quarter of 2020 and a low of -24.20 percent in the second quarter of 2020.
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