Question
A seller uses a periodic inventory system, and on April 4, it sells $5,000 in merchandise on credit (when its cost is $2,400) to a
A seller uses a periodic inventory system, and on April 4, it sells $5,000 in merchandise on credit (when its cost is $2,400) to a customer on credit terms of 3/10, n/30. On April 5, the customer returns merchandise for a cash refund of $500.
Complete the seller's necessary journal entry.
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Anti Audit Warfare
Authors: Business Management Daily
7th Edition
1540747182, 978-1540747181
