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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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?
I guess it would depend on how good the coupons. Are they online coupons? Are they for something you buy standard every month?
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