October 30, 2016 admin

Extended Service Contracts Refunds—New

Sales and Cost of Sales

EXTENDED SERVICE CONTRACT REFUNDS—NEW	ACCOUNT
	5050

Refunds to customers covering the cancellation of an ESP contract.

*Refer to Chart of Accounts for current applicable Sales/Cost of Sales account numbers

			Jrnl.	Dr.	Cr.

Cancellation of ESP contract			NV
	Customer Service Contract			2315
	Extended Service Contract Refunds—New			5050
		Cash in Bank—General			1001