Business, 06.03.2020 07:10 ayeelol1447
On December 31, the company estimates future sales refunds to be $900. As of that date, the company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $300 in Sales Refunds Payable. Complete the necessary adjusting entry by selecting the account names from the drop-down menus and the amounts in the Debit and Credit columns.
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On December 31, the company estimates future sales refunds to be $900. As of that date, the company...
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