USA Rebate Accrual


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May 26, 2021
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We are expecting a rebate based on sales as well as co-op funding in the next fiscal year. I made these postings.
Volume Rebate: Accruals / Vendor Rebate
Co-op Funding: Accruals / Advertising Exp

What postings should I make once we receive the rebates next fiscal year? We are anticipating a credit memo for the volume rebate and a check for the co-op funds.
 
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