Blossom Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns period extends 60 days. On February 10, 2018, a customer purchases $2700 of products (cost $1350). Assuming that based on prior experience, estimated returns are 10%. The journal entry to record the actual return of $120 of merchandise includes a

Debit to Returned Inventory for $60

Explanation:

The journal entries are as follows;

a. Sales Returns and Allowance A/c Dr $120

To Account Receivable Cr $120

(To record the account receivable)

b. Returned inventory A/c Dr $60

To Cost of goods sold Cr $60

(To record the actual return)

Workings;

Returned inventory = $120 × (1,350 ÷ 2,700) = $60

answer; organizational;

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !