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Company ABC returns defective goods back to their supplier. They had originally paid on account for the goods. What is the journal entry to record
Company ABC returns defective goods back to their supplier. They had originally paid on account for the goods. What is the journal entry to record the return of goods for Company ABC
Debit Inventory; Credit COGS
Debit COGS; Credit Inventory
Debit Inventory; Credit Accounts Payable
Debit Accounts Payable; Credit Inventory
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