Sales Returns and Allowances is debited for the selling price, ...

[Capo]

Sales Returns and Allowances is debited for the selling price, including sales tax, of any merchandise returned by customers.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Callable bonds give the bondholder the option of exchanging the bond for common stock.
 
  Indicate whether the statement is true or false

[nikmaaacs]

Answer to Question 1

False

Answer to Question 2

FALSE

[Capo]

Thanks for the timely response, appreciate it

[JaynaD87]

Excellent