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Wellington Company Had Sales This Year of $2,180,000 and Cost

Question 167

Multiple Choice

Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) :

A) Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
B) Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
C) Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
D) Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
E) Wellington Company had sales this year of $2,180,000 and cost of goods sold of $1,050,000. Wellington expects returns and allowances in the following year to equal 6% of sales, half being returns of goods and half allowances for merchandise kept by the buyer. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)

Wellington Company Had Sales This Year of $2,180,000 and Cost

Multiple Choice

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