Question

How to enter Rebate Journal
Entries​

Answer 1

Answer:

Journal Entries for Sales Rebates

Beyond the purchase price, it then becomes clear the customer is entitled to a 12% rebate amounting to $432. This rebate is then paid to the customer and the accounting journal entry is a debit to Sales Rebates and a credit to the Bank account of $432.

Explanation:

Mark as brainiest

Follow me

Answer 2

Explanation:

Journal Entries for Sales Rebates

Beyond the purchase price, it then becomes clear the customer is entitled to a 12% rebate amounting to $432. This rebate is then paid to the customer and the accounting journal entry is a debit to Sales Rebates and a credit to the Bank account of $432.