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230n July 3, 200,. Elton Company sold goods on account to Radar Enterprises with terms of 210, n/30. The goods had a cost of $360
230n July 3, 200,. Elton Company sold goods on account to Radar Enterprises with terms of 210, n/30. The goods had a cost of $360 and a selling price of $720. On July 7, Radar returned 5100 of goods because they did not meet specifications. On July 29, Radar Company account in full. Both Elton and Radar use a perpetual inventory system. The entry made by Elton to record the return of m erchandise will include: a. a debit to Merchandise Inventory for $100 b. a credit to Accounts Receivable for $100. c. a debit to Sales Revenue for $100. d. a debit to Accounts Payable for $10 24. Which of the following acn
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