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-   -   Cash and Receivables (https://www.askmehelpdesk.com/showthread.php?t=140968)

  • Oct 15, 2007, 12:03 PM
    jakres
    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
  • Oct 15, 2007, 12:56 PM
    avenger9000
    Hey have you read the announcement about how we don't do your homework for you??
    If not I suggest you do go and read it...

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