On July 8, 2020, Huston Co. issued debit memorandum No. 1 for $400 to Park Co. for

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On July 8, 2020, Huston Co. issued debit memorandum No. 1 for $400 to Park Co. for merchandise returned from invoice No. 709. Your task is to journalize, record, and post this transaction as appropriate from the buyer’s point of view. Use the same account numbers as found in the text for Art’s Clothing Company. The general journal page is page 1.

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College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

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