When a Retailing Business Is Making Estimates​ for the Expected

question 36

Multiple Choice

When a retailing business is making estimates​ for the expected customer refunds and allowances, it decreases the customer refunds payable account:

• A) ​and the sales account.
• B) ​and the purchases account.
• C) ​and the accounts receivable account.
• D) ​and the operating expenses.

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