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Complete the transactional analysis box for the following transaction assuming a perpetual inventory system: Issued credit memorandum to Life.com for defective merchandise, $196. The cost

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Complete the transactional analysis box for the following transaction assuming a perpetual inventory system: Issued credit memorandum to Life.com for defective merchandise, $196. The cost of the merchandise was $112. It was a credit sale. Increased Account Affected Category Decrease Rules TAccount Update

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