chapter 10 pt 2 Flashcards by Angelina Kar | Brainscape

Q

Merchandise inventory

A

asset. dr

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Q

sales

A

revenue. cr

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Q

Sales return and allowance

A

contra revenue. dr

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Q

discounts allowed

A

contra revenue. dr

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Q

purchases

A

expense. dr

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Q

purchases returns and allowance

A

contra cogs. cr

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Q

discounts earned

A

contra cogs. cr

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Q

freight in

A

cogs

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Q

cost of goods sold

A

expense dr

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