Question
Galaxy company sold merchandise costing 1,700 for 2,600 cash. The merchandise was later returned by the customer for a refund. if the perpetual inventory method
Galaxy company sold merchandise costing 1,700 for 2,600 cash. The merchandise was later returned by the customer for a refund. if the perpetual inventory method is used, what effect will the sales return have on the accounting equation?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
