Business, 25.07.2020 04:01 mayamabjishovrvq9

False Value Hardware began 2021 with a credit balance of $32,900 in the refund liability account. Sales and cash collections from customers during the year were $730,000 and $690,000, respectively. False Value estimates that 7% of all sales will be returned. During 2021, customers returned merchandise for credit of $18,000 to their accounts.

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False Value Hardware began 2021 with a credit balance of $32,900 in the refund liability account. Sa...

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