Homework Problems Solved: Sales Discounts and Sales Returns and Allowances

In this video, we'll cover what you need to know about Sales Discounts and Sales Returns and Allowances. These accounts are Contra Revenue accounts and can be a little tricky. We'll cover how to record journal entries for both the periodic and perpetual inventory system. See the image below for the examples covered in this video.

Video length in minutes: 12:33

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