第6章 教材 商业活动.pptVIP

Just as inventory returns and cash discounts impact a buyer’s entries, they also impact a seller’s entries. Sellers use the Sales Returns and Allowances account to record inventory returned to the seller, or adjustments in prices sellers allow due to customer dissatisfaction. Sellers use the Sales Discounts account to record cash discounts taken by customers who pay within the discount period. Net sales equals Sales minus Sales Returns and Allowances and Sales Discounts. Let’s see how these accounts are treated in journal entries. Kid’s Clothes sold two thousand dollars of merchandise t