During 2021, its first year of operations, ashbaugh industries recorded sales of $21,000,000 and experienced returns of $1,400,000. returns are accounted for as they occur, with additional estimated returns accrued at the end of the period. cost of goods sold totaled $12,600,000,000 (60% of sales). the company estimates that 8% of all sales will be returned. the year-end adjusting journal entry to account for anticipated sales returns would include a:
a) credit to sales returns of $280,000.
b) credit to refund liability of $280,000.
c) debit to sales returns of $1,680,000.
d) debit to cost of sales of $168,000.

Emil motycka is considered an entrepreneur because

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication