Based on the activities in your Inventory-Fun2, AR, Sales-Fun2, and Sales Return-

Fun2, are there any problems regarding how QBO processes sales returns? If yes,

explain the consequence of the issue(s) on accounting data.

14. How would you modify the way QBO processes sales returns to address the issues that you have identified in #13?

Sim-V4 12088 Inventory:Fun2 87 87 42.42 $87.87 1004 1005 1006 SimJC9 SimJC9 SimJ-C4 SimC9 SimJC9 Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (A/R) 42.42 -6.06 32.32 -8.09 -8.08 $52.52 42.42 36.36 68.68 60.60 52.52 1007 1008 1003 Sims.ca Accounts Receivable (AR) 48.48 04/11/2022 Bill Total for Accounts Payable (AVP) 40000 Sales 40088 Fun2 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for 40088 Fun2 40099 FUN 04/07/2022 Invoice Total for 40099 FUN Total for 40000 Sales 50000 COGS SOOS Fun2 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/12/2022 Invoice 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for 50068 Fun2 50099 FUN 04/07/2022 04/07/2022 Invoice Total for 50009 FUN Total for 50000 COGS 48.48 $48.48 $101.00 1004 1005 1006 1006 1006 1007 1008 SimJCD SimJC9 Sim-C4 Sim-C4 Sim-C4 Sim 099 SimJC3 Accounts Receivable (NR) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) 35.35 -5.05 7.07 5.05 10.10 -7.07 -7.07 $38.38 35.35 30.30 3737 42.42 52.52 45.45 38.38 Invoice 1003 1003 SimJ-C3 Sir J-03 Accounts Receivable (A/R) Accounts Receivable (AR) 2.02 20.20 2.02 18.18 $20.20 $58.58 NUM NAME MEMO DESCRIPTION SPLIT AMOUNT BALANCE 1003 1004 1005 1006 1008 1007 Sim C3 SimC9 SimJC9 Sim C4 SirTJC7 SimC9 40099 Sales FUN 40088 Sales:Fun2 40088 Sales Fun2 40088 Sales:Fun2 40088 Sales Fund 40088 Sales:Fun2 49.48 42.42 -6.06 32.32 -8.08 -8.08 $101.00 48.48 90.90 84.84 117.16 109.08 101.00 DATE TRANSACTION TYPE Accounts Receivable (A/R) 04/07/2022 Invoice 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for Accounts Receivable (NR) 12000 Inventory 12088 Fun2 04/08/2022 Ba 04/09 2022 Invoice 04/10/2022 Credit Memo 04/11/2022 Bid 04/12/2022 Invoice 04/12/2022 Invoice 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Momo Total for 2018 Fun2 12099 Fun 04/07/2022 Invoice 04/07/2022 Invoice Total for 12000 Fun Total for 12000 Inventory Accounts Payable (AP) 04/08/2022 BH 1004 1005 1006 1006 1006 1008 1007 Sim V9 SimJC9 SimJC9 SimJ-V4 SimJ-C4 Sim-C4 Sim-C4 Simuce SimC9 Accounts Payable (AP) Accounts Receivable (A/R) Accounts Receivable (AVR) Accounts Payable (AP) Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (AR) 45.45 35.35 5.05 42.42 -5.05 10.10 -7.07 7.07 7.07 $49.49 45.45 10.10 15.15 57.57 52.52 42,42 35.35 42.42 49.49 1003 1003 Sim-C3 Sim.C3 Accounts Receivable (AR) Accounts Receivable (A/R) 2,02 20.20 2.02 -18.18 $ -20.20 $.29.29 Sien.vo 12088 Inventory Fun2 45.45 45.45 Sim-V4 12088 Inventory:Fun2 87 87 42.42 $87.87 1004 1005 1006 SimJC9 SimJC9 SimJ-C4 SimC9 SimJC9 Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (A/R) 42.42 -6.06 32.32 -8.09 -8.08 $52.52 42.42 36.36 68.68 60.60 52.52 1007 1008 1003 Sims.ca Accounts Receivable (AR) 48.48 04/11/2022 Bill Total for Accounts Payable (AVP) 40000 Sales 40088 Fun2 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for 40088 Fun2 40099 FUN 04/07/2022 Invoice Total for 40099 FUN Total for 40000 Sales 50000 COGS SOOS Fun2 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/12/2022 Invoice 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for 50068 Fun2 50099 FUN 04/07/2022 04/07/2022 Invoice Total for 50009 FUN Total for 50000 COGS 48.48 $48.48 $101.00 1004 1005 1006 1006 1006 1007 1008 SimJCD SimJC9 Sim-C4 Sim-C4 Sim-C4 Sim 099 SimJC3 Accounts Receivable (NR) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) 35.35 -5.05 7.07 5.05 10.10 -7.07 -7.07 $38.38 35.35 30.30 3737 42.42 52.52 45.45 38.38 Invoice 1003 1003 SimJ-C3 Sir J-03 Accounts Receivable (A/R) Accounts Receivable (AR) 2.02 20.20 2.02 18.18 $20.20 $58.58 NUM NAME MEMO DESCRIPTION SPLIT AMOUNT BALANCE 1003 1004 1005 1006 1008 1007 Sim C3 SimC9 SimJC9 Sim C4 SirTJC7 SimC9 40099 Sales FUN 40088 Sales:Fun2 40088 Sales Fun2 40088 Sales:Fun2 40088 Sales Fund 40088 Sales:Fun2 49.48 42.42 -6.06 32.32 -8.08 -8.08 $101.00 48.48 90.90 84.84 117.16 109.08 101.00 DATE TRANSACTION TYPE Accounts Receivable (A/R) 04/07/2022 Invoice 04/09/2022 Invoice 04/10/2022 Credit Memo 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Memo Total for Accounts Receivable (NR) 12000 Inventory 12088 Fun2 04/08/2022 Ba 04/09 2022 Invoice 04/10/2022 Credit Memo 04/11/2022 Bid 04/12/2022 Invoice 04/12/2022 Invoice 04/12/2022 Invoice 04/13/2022 Credit Memo 04/13/2022 Credit Momo Total for 2018 Fun2 12099 Fun 04/07/2022 Invoice 04/07/2022 Invoice Total for 12000 Fun Total for 12000 Inventory Accounts Payable (AP) 04/08/2022 BH 1004 1005 1006 1006 1006 1008 1007 Sim V9 SimJC9 SimJC9 SimJ-V4 SimJ-C4 Sim-C4 Sim-C4 Simuce SimC9 Accounts Payable (AP) Accounts Receivable (A/R) Accounts Receivable (AVR) Accounts Payable (AP) Accounts Receivable (A/R) Accounts Receivable (AR) Accounts Receivable (A/R) Accounts Receivable (A/R) Accounts Receivable (AR) 45.45 35.35 5.05 42.42 -5.05 10.10 -7.07 7.07 7.07 $49.49 45.45 10.10 15.15 57.57 52.52 42,42 35.35 42.42 49.49 1003 1003 Sim-C3 Sim.C3 Accounts Receivable (AR) Accounts Receivable (A/R) 2,02 20.20 2.02 -18.18 $ -20.20 $.29.29 Sien.vo 12088 Inventory Fun2 45.45 45.45