Assume that one customer returns the seeds on July $1,2023.$ Prepare the journal entry to record this transaction, assuming this

customer purchased $$150,000$ of seeds from Ivanhoe Growth and paid by June $15.($Credit account titles are automatically indented

when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List all debit entries before credit entries. Round answers to $0$ decimal places, e$.$g$.5,275.)$

Date

Account Titles and Explanation

Debit

Credit

July $1,2023$

$($To record return from customer$)$

July $1,2023$

$($To record return of inventory$)$