The sales revenue of a merchandiser amounted to $25,000, sales returns and allowances amounted to $2,400, and sales discounts amounted to $600. The merchandiser uses a perpetual inventory system

The first entry in the closing process would include ________.
A) a credit to Income Summary for $25,000
B) a credit to Income Summary for $22,600
C) a debit to Income Summary for $2,400
D) a debit to Income Summary for $24,400

A .Sales Revenue 25,000
Income Summary 25,000

Business

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In the fundamental attribution bias, a person attributes the behavior of another person to _____.

Fill in the blank(s) with the appropriate word(s).

Business

What are three principles of process strategy that should govern choices that process designers make? Provide examples of well-conceived process strategy choices to illustrate each of your three principles

What will be an ideal response?

Business