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1- The company BERNAB sold to NOUDUMB merchandise for SR100, on credit. Three days later,...

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Accounting

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1- The company BERNAB sold to NOUDUMB merchandise for SR100, on credit. Three days later, NOUDUMB returned SR8 to BERNAB. Which journal entry is correct regarding the return transaction in the journal of BERNAB? 3- The company BERNAB sold to LAPDUMB merchandise with a list price of SR100, in cash. BERNAB allowed a trade discount of 5% to LAPDUMB. Which journal entry is correct in the journal of BERNAB? 4- Which statement is true regarding bulk discounts and trade discounts offered by a seller? a) Bulk discounts encourage larger orders from customers, while trade discounts encourage customers' loyalty. b) Bulk discounts encourage smaller orders from customers, while trade discounts encourage customers' loyalty. c) Bulk discounts encourage larger orders from customers, while trade discounts encourage customers' prompt payment. d) Both bulk discounts and trade discounts encourage prompt payment from customers. 2- The company BERNAB purchased to PEPDUMB merchandise for SR100, in cash. Two days later, BERNAB returned SR13 to PEPDUMB. Which journal entry is correct regarding the return transaction in the journal of BERNAB

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