Botanic choice sell natural supplements to customers with an unconditional right of return if they are not satisfied. The right of returns extends 60 days. Based on experience, estimated returns are expected to be 20% all sales are paid in cash. On February 10, 2014, a customer purchases $3,000 of products (cost1,500). Required:
Prepare the journal entry to rexcord the sale and the cost of goods sold.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration