Question: lead the following cares, and then provide the correct answer for each one (a): Assume that Hanley Company sells goochs for $10,000 to Murdoch Group
lead the following cares, and then provide the correct answer for each one (a): Assume that Hanley Company sells goochs for $10,000 to Murdoch Group with terms 2/10, 30, and Hanley expects that the discount will be taken Report entries under het Methods of Recording Cash Sales) Discount, if you know that Murdoch Group paid $4,000 within the discount period and $6000 after the discount period. falt Assume that Max Glass sells hurricane glass to Oliver Bullders. As part of the sales agreement, Max Includes a provision that ir Oliver Is dissatisfied with the product, Max will grant an allowance on the sales price or agree to take the product back On January 16, 2019, Max grants an allowance of $300 to Oliver because some of the hurricane glass is defective. The entry to record this transaction is On January 31, 2019, before preparing financial statements, Max estimates that an additional $100 in sales returns and allowances will result from the sale to Oliver on January 4, 2019 An adjusting entry to record this additional allowance is
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