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Assume that Crane and Windsor uses the earnings approach for revenue recognition Crane returned to Windsor Inc 6 damaged fuses. Windsor accepted the return and

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Assume that Crane and Windsor uses the earnings approach for revenue recognition Crane returned to Windsor Inc 6 damaged fuses. Windsor accepted the return and issued a credit note for $290. Crane for the merchandise had purchased on account. To record this return, Windsor's accountant must debit Sales and credit Cash for $290. debit Sales Returns and Allowances and credit Cash for $290 debit Cash and credit Sales for $290. debit Sales Returns and Allowances and credit Accounts Receivable for $290 Sve for later

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