Yu Company
Several Sales Transactions and Purchasing Activities for Yu $\quad$

question 20

Essay

Yu Company
Several sales transactions and purchasing activities for Yu Company are described below.Yu Company uses a perpetual inventory system.
A) $\quad$ Yu Company purchased merchandise from Mia Company on credit.
B) $\quad$ YuCompany retuned to Mia Company defective merchandise before payment is made.
C) $\quad$ Yu Company pays for the merchandise purchased from Mia Company.
D) $\quad$ YuCompany sells merchandise to its customers for cash and on credit.
E) $\quad$ Credit customers returned merchandise to Yu Company for a refund.
F) $\quad$ Credit customers pay their account balances to Yu Company. Refer to the information provided for Yu Company.For each of the items above,describe its economic effects on the company's accounting equation.

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Definitions:

Behavior Modification

A technique aimed at changing or shaping individuals' behavior through the use of reinforcement or punishment.

Experiential Learning

A learning process through direct experience, allowing individuals to acquire knowledge, skills, and values from real-life activities.

Reflecting

The process of thoughtfully considering one's own experiences and actions to learn from them.

Experimenting

The act of conducting tests and trials to discover, validate, or refine new methods, strategies, or products.