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Author Question: The income statement is sometimes called the statement of earnings. Indicate whether the ... (Read 32 times)

clmills979

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on: Jul 5, 2018
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


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Fayaz00962

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Reply #1 on: Jul 5, 2018
Answer to Question 1

TRUE

Answer to Question 2

c


clmills979

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

cam1229

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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