Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 11

Determining the Effects of Credit Sales, Sales Discounts, and Sales Returns and Allowances on Income Statement Categories
Rockland Shoe Company records Sales Returns and Allowances and Sales Discounts as contra-revenues. Complete the following table, indicating the amount and direction of effect (+ for increase, for decrease, and NE for no effect) of each transaction on each item reported in Rockland's income statement prepared for internal use. Be sure to total the effects.