Please answer it completely. If not, don't answr it. 1.Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager 2. Ian purchased 10 boxes of face shields from Kia Trading. The sales invoice shows an amount equivalent to 9 boxes of face shields. What discount does Kia Trading offered to Ian? A.purchase discount B trade discount C sales discount D credit discount 3. To intensify the collection of receivables, Rex's Trading offered 2/10, n/30 to customers. What discount is being offered by the company? A purchase discount B cash discount C sales discount D trade discount

Please answer it completely. If not, don't answr it. 1.Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager 2. Ian purchased 10 boxes of face shields from Kia Trading. The sales invoice shows an amount equivalent to 9 boxes of face shields. What discount does Kia Trading offered to Ian? A.purchase discount B trade discount C sales discount D credit discount 3. To intensify the collection of receivables, Rex's Trading offered 2/10, n/30 to customers. What discount is being offered by the company? A purchase discount B cash discount C sales discount D trade discount

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 26MC: A customer returns $690 worth of merchandise and receives a full refund. What accounts recognize...

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A customer returns $870 worth of merchandise and receives a full refund. What accounts recognize this sales return (disregarding the merchandise condition entry) if the return occurs before the customer remits payment to the retailer? A. accounts receivable, sales returns and allowances B. accounts receivable, cash C. sales returns and allowances, merchandise inventory D. accounts receivable, cost of goods sold
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1.Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager 2. Ian purchased 10 boxes of face shields from Kia Trading. The sales invoice shows an amount equivalent to 9 boxes of face shields. What discount does Kia Trading offered to Ian? A.purchase discount B trade discount C sales discount D credit discount 3. To intensify the collection of receivables, Rex's Trading offered 2/10, n/30 to customers. What discount is being offered by the company? A purchase discount B cash discount C sales discount D trade discount
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