Question & Answer: Fill in the blank(s) to complete the statement. The normal balance of sales returns and allowances i…..

Fill in the blank(s) to complete the statement. The normal balance of sales returns and allowances is ________. _______ ________ and ________ is a contra revenue accountant. Sales is a(n) _______ account. A discount period is less time than the ________ ______. A debit to accounts receivables and a credit to sales records the sale of merchandise _________ _________. The ______ _______ _________ ________ lists in alphabetical order an account for each customer. ______ _______ in the general ledger is called the controlling the account. The collection of a sale on account is posted to the ______ and _______. Issuing ______ ______ results in a debit to sales returns and allowances and a credit to accounts receivable. The normal balance of Sales Discounts is _______. Sales Tax Payable is a(n) ________ in the general ledger. Cash sales result is a(n) ______ to cash and a ______ to sales. Sales Returns and Allowances is a(n) _____ ______ account. A sale on account is p