Read the Description of Following Transactions That Are Required During

question 60

Essay

Read the description of following transactions that are required during the accounting period for Mario´s Electronics. Determine the account and amount to be debited and the account and amount to be credited.
A. Sold $2,200 in merchandise on credit. The transaction did not involve sales tax.
B. Gave a $600 allowance to a credit customer for damaged merchandise. The original sale was subject to 8% sales tax
C. Received a check for $200 from a credit customer on account.
D. Sold $200 in merchandise for cash. The transaction is subject to 8% sales tax
E. Accepted a return of $100 in merchandise from a credit customer. The original sale was subject to 8% sales tax.

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Definitions:

Sensational Words

Words or phrases designed to evoke strong, often exaggerated emotions or interest in the audience.

We-Viewpoint

An approach to communication that prioritizes inclusiveness and shared goals, frequently employing pronouns like "we" and "us."

Positively Worded

Refers to the use of positive language to frame statements or messages, emphasizing what can be done or the positive aspects of a situation.

Fat Free

Describing food products that contain minimal to no fat content, often used in dietary preferences or restrictions.