Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise,

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Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise, plus PST of $80 (8%) and GST of $50 (5%). What entry would the buyer (Morse) and seller (Logan) make regarding this return?

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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Question Posted: Sep 21, 2024 05:19 AM

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Pete Morse returned $300 of merchandise to Logan Co. The original sale was for $1,000 of merchandise,

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College Accounting A Practical Approach

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