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Assume you are the bookkeeper for Violet's Wholesalers, a distributor of kitchen furniture. Your sales manager informed you that Ted's Retailers is unhappy with the
Assume you are the bookkeeper for Violet's Wholesalers, a distributor of kitchen furniture. Your sales manager informed you that Ted's Retailers is unhappy with the quality of some tables delivered on April and will be shipping back all the goods. The original invoice amounted to $ and the goods cost Violet's $ Using a perpetual inventory system, complete the journal entries for Violet's Wholesalers for each of the following independent scenarios. Suppose that Ted's shipped back half of the goods on April and kept the other half with a allowance. Journalize the transactions. Record the sales return transaction first.
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