Question: 6 18 10 11 13 Click Submit to complete this assessment Question 13 The following information related to the Jordanian company during the accounting period
6 18 10 11 13 Click Submit to complete this assessment Question 13 The following information related to the Jordanian company during the accounting period ended 31/12/2020 - The company sales the goods with right of return within (45) days - On 7 April the company sold goods on account amounted $180,000, it cost equals $60.000 On 7 April the compatty estimated the percentage of retum equal 20% Assume on 30/4 that the buying company returns 10% of the amount of goods sold -According to the above information answer the following questions 1. The credit side of the journalise entry(entries) to record the sales transaction on April included: Allowance for right to return $36,000 b. Account receivable - $144,000 sales revene - $180,000 d. None of the above 2. The credit side of the journalize entry(entries) to record cost of Foods sold on April thicaded: estimated return inventory. 512.000 bentory - 560,000 Cory $48.000 * 1. The debut side of the journalis entry tries to record the return foods on 30 April included 4. Breceivable - $18.000 Allowance for ng tot 515.000 estimated return 56000 None of the above LE COSMO
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