The income statement is sometimes called the statement of ...

[clmills979]

The income statement is sometimes called the statement of earnings.
 
  Indicate whether the statement is true or false

Question 2

The entry to record the return of merchandise from a customer would include a
 a. debit to Sales
  b. credit to Sales
  c. debit to Customer Refunds Payable
  d. debit to Estimated Returns Inventory

[Fayaz00962]

Answer to Question 1

TRUE

Answer to Question 2

c

[clmills979]

Thanks for the timely response, appreciate it

[matt95]

YES! Correct, THANKS for helping me on my review