Business, 28.06.2019 16:20 jahnoibenjamin

Shamrock inc. sold $12,400 of its designer tables to santos furniture and design studios on account. shamrock estimates that $1,900 of these sales will either be returned or an allowance will be granted. prepare the entries when (a) shamrock makes the sale (use the gross method), and (b) shamrock grants an allowance of $1,000 when some of the tables do not meet exact specifications but still could be sold by santos.

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Shamrock inc. sold $12,400 of its designer tables to santos furniture and design studios on account....