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If Norman Company uses a periodic inventory system, what journal entries would be made for the above transactions?If Norman Company uses a perpetual inventory system.
If Norman Company uses a periodic inventory system, what journal entries would be made for the above transactions?If Norman Company uses a perpetual inventory system. What journal entries would be made for the above transactions?
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Part I (12 marks) Norman Company sold 10 units of clothes in size M to a customer for $6,250 on credit (Gross Profit is 36%). Later on the customer found one of the units delivered was actually Size L and returned the wrong unit to NormanStep by Step Solution
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