Question: question 3 and 4 3. A customer obtains an allowance from the retailer in the amount of S450 for damaged merchandise. Which of the following
3. A customer obtains an allowance from the retailer in the amount of S450 for damaged merchandise. Which of the following represents the journal entry for this transaction, assuming the customer has not remitted payment? Sales Returns and Allowances Cash 450 450 B 450 Sales Returns and Allowances Accounts Receivable 450 C. Cash Sales Returns and Allowances Accounts Receivable 400 50 450 4. Sunrise Flowers sells flowers to a customer on credit for $130 on October 18, with a cost of sale to Sunrise of $50. What entry to recognize this sale is required if Sunrise Flowers uses a periodic inventory system
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