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For Each of the Following, Identify in Column 1 the Balance

question 92

Essay

For each of the following, identify in Column 1 the balance the account will have in the adjusted trial balance columns (debit or credit), in Column 2 the financial statement column(s) in which the account balance will be found (income statement or balance sheet), and in Column 3 the effect the account will have on the determination of net income (increase, decrease, or none).
-  Column 1 Column 2 Column 3 Sales returns and  allowances \begin{array} { | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 \\\hline \begin{array} { l } \text { Sales returns and } \\\text { allowances }\end{array} & & & \\\hline\end{array}

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Definitions:

Psychological Control

A disciplinary technique that involves threatening to withdraw love and support, using a child’s feelings of guilt and gratitude to the parents.

Sense of Belonging

The feeling or perception of being an accepted and integral part of a group, community, or environment.

Discipline Strategy

Approaches and methods used by parents, teachers, and caregivers to teach children about rules, expectations, and appropriate behavior.

Time-Out

A disciplinary technique in which a person is separated from other people and activities for a specified time.

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