Business, 15.04.2021 18:10 Brightcord9679
Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $32,600 in the refund liability account. Sales during 2021 were $660,000. Rusty estimates that 6% of all sales will be returned. During 2021, customers returned merchandise for credit of $29,200 to their accounts. What is the balance in the refund liability account at the end of 2021
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Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $32,600 in the refund l...
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