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Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $33,900 in the refund liability account. Sa
Posted: Fri Jul 01, 2022 8:21 am
by answerhappygod
- Rusty Hardware Makes Only Cash Sales It Began 2021 With A Credit Balance Of 33 900 In The Refund Liability Account Sa 1 (79.29 KiB) Viewed 27 times
Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $33,900 in the refund liability account. Sales during 2021 were $790,000. Rusty estimates that 5% of all sales will be returned. During 2021, customers returned merchandise for credit of $31,800 to their accounts. What is the balance in the refund liability account at the end of 2021? Multiple Choice $33,900. $40,600. $42,700. $41,600.