Question: please answer both questions Sety wode 120 Question 11 Collo On June 10. Lanson Company merchandise on account 100 that cost $650. The company uses
Sety wode 120 Question 11 Collo On June 10. Lanson Company merchandise on account 100 that cost $650. The company uses the net method to record se What the transaction have on the accounting, and Assume we to Total assets and stockholders equity would be 1000 Total assets and stockholders equity wodne Total assets and stockholders emily would increase 5330 al assets and stockholders equity would be $350 255 Question 12 On June 5, Anderson Company sold merchandise on account for 500 credit terms 10 cost $175. The company uses the net method to record sales. On one the customer and the goods because they were defective. What effect would the sales return have on L accounting equation? Assume Anderson uses a perpetual inventory system Accounts receivable would increase $190, inventory would decrease 515 de increase $315 Accounts receivable would decrease $10, Inventory wodoo $175, de Herrease $315 e $500 inventory would increase and
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