Chapter 7 - Cash and Receivables - Review and Practice - Brief Exercises - Page 363: BE7-4

(a) Accounts Receivable ........................... 9,000 Sales Revenue ............................. 9,000 (b) Sales Returns and Allowances………. 700 Accounts Receivable .................. 700 (c) Sales Returns and Allowances ........... 200 Allowance for Sales Returns and Allowances......... 200

Records the sale on account as follows: Accounts Receivable ........................... **** Sales Revenue ............................. **** Sales Returns and Allowances………. **** Accounts Receivable ..................**** Sales Returns and Allowances ...........**** Allowance for Sales Returns and Allowances......... ****