Longmire & Sons made sales on credit to Alderman Sports totaling $500,000 on April 18. Longmire &

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Longmire & Sons made sales on credit to Alderman Sports totaling $500,000 on April 18. Longmire & Sons estimates 3% of its sales to Alderman may be returned. On May 22, $9,000 worth of goods are returned by Alderman Sports.
Prepare the related journal entries for Longmire & Sons.

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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