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Home > Business & Careers > Accounting   »   Cash and Receivables

 
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Old Oct 15, 2007, 12:03 PM
jakres
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Cash and Receivables

Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offered a 15% price reduction. Gershwin would record this reduction by crediting accounts receivable and debiting:

a)sales
b) sales discount
c)sales return
d) sales allowances

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Old Oct 15, 2007, 12:56 PM   #2  
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Hey have you read the announcement about how we dont do your homework for you????
If not I suggest you do go and read it...

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