Senger Company sold merchandise of $20,000, terms n/30, to Burris Inc. on April 12. Burris paid Senger for the merchandise on May 12. On June 1, Senger paid Burris $410 for costs incurred by Burris to repair defective merchandise. a. Journalize the entry by Senger Company to record the customer refund to Burris Inc. If an amount box does not require an entry, leave it blank. June 1 Customer Refunds Payable Cash 0 0 0 b. Assume that instead of paying Burris cash, Senger issued a credit memo to Burris to be used against Burris's outstanding account receivable balance. Journalize the entry by Senger Company to record the issuance of the credit memo. If an amount box does not require an entry, leave it blank. June 1 Customer Refunds Payable 0 X 0 Accounts Receivable-Burris Inc. 0 0 X Feedback Check My Work To record a customer refund, a liability account to estimate refunds that will be paid to customers is used. Depending on whether the customer has paid for the merchandise, a cash refund or credit memo will be issued.

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Jasmine Thompson AutoSave Document4 Word O Search B Share Comment File Insert Draw Design Layout References Mailings Review View Help Home O Find X Cut Calibri (Body) A A Aa A EE v E EE T AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd v 12 S Replace Dictate Editor Copy Paste Emphasis BIU ab x, x' A ~ A EEEE E - 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select V Format Painter Styles Editing Voice Editor Clipboard Font Paragraph 3 4 5. 6. 1 2. In Year 2, Chalon Company records the payment of $450 cash for an expense accrued in Year 1 and records the accrual of $425 for another expense. Additionally, Chalon Company pays $475 for supplies that were purchased in Year 1 on account. The impact of these three entries on Year 2 total expenses and total liabilities is: Total Expenses Liabilities a. increase by $425 decrease by $500 b. increase by $450 decrease by $25 c. increase by $425 increase by $25 d. increase by $900 decrease by $500 e. increase…

I have answered A-I in the pictures I posted below. I need the answers to J-L.