Recording coupons in the general journal

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Nov 14, 2007, 03:25 PM

BusinessGirl

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Join Date: Nov 2007

Posts: 1

Recording coupons in the general journal

How would you record the journal entry for a coupon, or rebate? Say that $20 coupons were given out for every $100 spent and expired in a month. Would you create an allowance account for this?

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