If the sun company sold merchandise for $1000 cash and the customer returnthe defective goods worth $200 the sun company recordsales for $200 in the debit side.Cash for $200 in the credit side.Sales for $200 un the credit side.no on of above.purchase equipment for $5000 cash debited to equipment $500 and credit tocash $500, to rectify this transaction using short method as bellowDebit cash for $500 and credit equipment for $500.Debit cash for $4500 and credit equipment for $4500.Debit equipment for $4500 and credit cash for $4500.No one of above. 1- Al Sun company received advertising bill to the current period of $ 500 andimmediately paid it, its gournal entry to record this transaction include a :Credit to advertising expense for $500.Debit to advertising expense for $500Debit to Accounts payable for $500debit to Cash for $500we can get the gross profit by deductednet sale from all expenses.net sales from cost of goods sold.net sales from net purchases.O Net sales from net income.

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Description: If the sun company sold merchandise for $1000 cash and the customer returnthe defective goods worth $200 the sun company recordsales for $200 in the debit side.Cash for $200 in the credit side.Sales for $200 un the credit side.no on of above.purchas

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If the sun company sold merchandise for $1000 cash and the customer return the defective goods worth $200 the sun company record sales for $200 in the debit side. Cash for $200 in the credit side. Sales for $200 un the credit side. O no on of above.

If the sun company sold merchandise for $1000 cash and the customer return the defective goods worth $200 the sun company record sales for $200 in the debit side. Cash for $200 in the credit side. Sales for $200 un the credit side. O no on of above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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