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Please fill in the blanks and correct the red crosses If required, round your...

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Accounting

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Please fill in the blanks and correct the red crosses

If required, round your answers to nearest whole value. a. What is the amount of the refund owed to the customer? $ account decreases, net cash outflows, and all negative effects on net income as negative amounts. Feedback Check My Work a. The amount of the refund will be the merchandise returned less the amount of discount. b. There are two separate effects of this transaction: one for the sales component, discount, and payment and one for the cost of the inventory sold and return of the merchandise to inventory

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