Come on to view the transactions) U sales retumsah and dech Assume the company records sales at the net amount.) Test Nov. 17: Received defective inventory as a sales return from the November 13 sati, 5600. Cost of goods, 5330 Start by preparing the entry to record the sales return and decrease the receivable. Do not update the Merchandise Inventory with this entry. We will do that in the following stop Accounts Debit Credit Date Gradebook Score empes Nov. 17 1 of 1 See oore Toft complete the cost of the resumed merchandise Cost of goods retumed. $330 Doft Debat Credit Doft Accounts Payable--Rainer Corporation Accounts PayableSwin Corporation Accounts Payable-Venice Company Now prepare the Accounts Receivable - Cabot Company Date Accounts Receivable-Graceland Corporation Cash Nov. 17 Cost of Goods Sold Delivery Expense Estimated Returns Inventory Freight in Merchandise inventory Choose from a purchase Discounts Purchase Returns and Allowances Purchase Sample Tests and quizzes en continue to the next question v 85 mo 18 ** A & 7 8 OP $ 4 # 3 5 6 P 0 2 Y T E W R G D