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A credit memorandum is used as documentation for a journal entry that requires a debit to Sales Revenue and a credit to Cash. Sales

A credit memorandum is used as documentation for a journal entry that requires a debit to Sales Revenue and a credit to Cash. Sales Returns and Allowances and a credit to Accounts Receivable. Accounts Receivable and a credit to a contra-revenue account. Cash and a credit to Sales Returns and Allowances.

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