On August 12,a Company Provides Services on Account to a Customer

question 8

Essay

On August 12,a company provides services on account to a customer for $3,000.However,on August 16,the customer is not completely satisfied with the service and the company grants an allowance on the amount owed of $400.On August 20,the customer makes full payment of the balance owed,excluding the allowance.Record the services provided on August 12,the sales allowance on August 16,and the cash collection on August 20.

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Definitions:

Detrimental Behaviors

Actions or habits that are harmful or disadvantageous to oneself or others.

Hardwired

Referring to inherent features or configurations within a system, device, or organism that are permanently established and not subject to change through external adjustments.

Heuristics

These are rules-of-thumb or shortcuts that simplify decision making and problem-solving, especially in complex situations.

Specialty Shops

Retail businesses that focus on specific product categories, offering specialized selections within those categories.