Answered: Assume a company receives an actual…

Assume a company receives an actual return of goods. Which of the following needs to happen? Sales Refunds Payable needs to decrease. Sales Refunds Payable needs to increase.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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