When a Contract Party Alters a Written Contract,the Other Party

question 27

True/False

When a contract party alters a written contract,the other party must adapt his or her performance accordingly.

Calculate sales tax on transactions and understand its implications on sales and returns.

Prepare journal entries for cash and credit sales, including sales returns and allowances.

Record payment transactions, including discounts for early payment.

Know how to record the payment of sales tax to the state.