The adjusting entry for depreciation includes:

Sales returns and allowances are typically recorded as:

Under periodic system, purchases of inventory are recorded to:

Equipment cost $24,000; useful life 4 years; no salvage; straight-line. Monthly depreciation is:

The flow from unadjusted trial balance to financial statements includes:

Service vs. retail businesses differ primarily in that retail:

A multi-step income statement for retail typically includes:

Ethics in accounting primarily ensures that:

Operating expenses decreased from $80,000 to $68,000. The dollar change and percent change are:

Which account normally carries a credit balance?