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Hider Company had a cuslomer return merchandise purchased with cash with a sales price of $7,500. The cost of goods was $3,000. Hider refinded the

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Hider Company had a cuslomer return merchandise purchased with cash with a sales price of $7,500. The cost of goods was $3,000. Hider refinded the cash to the customer. The journal entries rocord the retum, using the perpetual inventory system and assuming an adjusting entry was mocorded for ostimated sales retums would be

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